Instructions Find the MONTHLY mortgage PAYMENT of stress tested(+2%) on your rate of 3.75% with...
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Instructions Find the MONTHLY mortgage PAYMENT of stress tested(+2%) on your rate of 3.75% with a 25 year amortization mortgage. You will use the mortgage amount from previous sections. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 2 Years and 7 Months. Input all the TVM variables and answers into the fields below. Amortization Mortgage Amount From Previous Question $335498.8 25 Years P/Y C/Y Present Value of Loan (PV PI Months P2 Months Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) Mortgage Rate As % (/Y) Value At End of Loan (FV) PRINCIPAL PAID (PRN) Section Value: 7 INTEREST PAID (INT) Submit Answers
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