A family takes out a $168,500 mortgage at 6.5% interest compounded monthly with monthly payments for 15 years. What would their monthly payments be? Round your answer to the nearest cent.

A family needs to take out a 15​-year home mortgage loan of $170,000 through a local bank. Annual interest rates for 15​-year mortgages at the bank are 3.5% compounded monthly.   ​(a) Compute the​ family's monthly mortgage payment under this loan. ​(b) How much interest will the family pay over the life of the​ loan?

A couple borrows $300,000 at an APR of 4.8% compounded monthly on a 30-year mortgage with monthly payments of $1,574. (a) How much of the first payment goes to interest? (b) Find the total interest paid over the life of the loan. (c) After making their 70th payment, they refinance the loan at an APR of 3.6% compounded monthly for 15 years. The refinanced amount includes the unpaid balance from the original loan plus a refinance charge of $2,000. Find the new monthly payment. (d) Find the amount saved by refinancing.

You have just purchased a home and taken out a $420,000 mortgage. The mortgage has a 30-year term with monthly payments and an APR of 5,68%. a. How much will you pay in interest, and how much will you pay in principal, during the first year? b. How much will you pay in interest, and how much will you pay in principal, during the 20th year (i.e., between 19 and 20 years from now)?