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Devi has a mortgage for $811,841.00. The term of the mortgage is 3 years, and...

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Finance

Devi has a mortgage for $811,841.00. The term of the mortgage is 3 years, and the amortization period is 15 years. Devi will make monthly payments and the mortgage rate is r(365) = 2.000%.

a) How much are the monthly payments?

b) What is the outstanding balance at the end of the term of the mortgage?

c) How much does Devi still owe on the mortgage if she sells the house after 1 years?

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