DETAILS AUFEXC4COREQ 11.5.011.ML Find the mortgage payment for a 15-year loan of $225,100 at an annual interest rate of 8.35%. (Round your answer to two decimal places) Submit Answer 4. [-/16.66 Points] DETAILS AUFEXC4COREQ 11.5.014. Richard Miyashiro purchased a condominium and obtained a 25-year loan of $197,000 at an annual interest rate of 8.20%. (Round your answers to the nearest cent.) (a) What is the mortgage payment? (b) What is the total of the payments over the life of the loan? $ (c) Find the amount of interest paid on the mortgage loan over the 25 years. 5. [-/16.66 Points] DETAILS AUFEXC4COREQ 11.5.016. Leona Jefferson purchased a home and obtained a 30-year loan of $438,000 at an annual interest rate of 8.5%, Find the amount of interest paid on the loan over the 30 years, (Round your answer to the nearest cent.) 6. [-/16.7 Points] DETAILS AUFEXC4COREQ 11.5.031. The Mendez family is considering a mortgage loan of $350,000 at an annual interest rate of 6.75%. (a) How much greater is their mortgage payment if the term is 20 years rather than 30 years? (b) How much less is the amount of interest paid over the life of the 20-year loan than over the life of the 30-year loan?
