Purchase Price= $125,000
L/V= 92%
Loan Terms=Monthly Payment
6% rate of interest
30 year term
Private mortgage insurance costs: .85%/.22%
Use 6 decimal places

1) The loan amount is equal to?
2) The numerator of the mortgage constant is equal to?
3) the mortgage constant is equal to?
4)The periodic payment is equal to?
The amount of principal paid in the second payment is equal to
5) The loan balance at the end of 8 years of scheduled payments is equal to?

Question

Purchase Price= $125,000
L/V= 92%
Loan Terms=Monthly Payment
                     6% rate of interest
                     30 year term
                     Private mortgage insurance costs:               .85%/.22%
Use 6 decimal places

1) The loan amount is equal to?
2) The numerator of the mortgage constant is equal to?
3) the mortgage constant is equal to?
4)The periodic payment is equal to?
The amount of principal paid in the second payment is equal to
5) The loan balance at the end of 8 years of scheduled payments is equal to?