The Taylors agreed to monthly payments rounded up to the nearest $100 on a mortgage of $175000 amortized over 15 years. Interest for the first five years was 6.25% compounded semi- annually. After 30 months, as permitted by the mortgage agreement, the Taylors increased the rounded monthly payment by 10%. a) Determine the mortgage balance at the end of the five-year term. b) If the interest rate remains unchanged over the remaining term, how many more of the increased payments will amortize the mortgage balance? c) How much did the Taylors save by exercising the increase-in-payment option?

How would I calculate this problem? I just guessed on which answer made sense to me. Please help. thank you in advance.

hi im looking at the solution above and have a quuestion-im a littlepuzzled on exactly how i should be plugging in the numbersfor example, the chart liists Time (ln2/(ln(1+r)) but how exactly should i type this in my calculatorto get =l3/J3? maybe im overthinking it

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in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!!!!!!!

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Please solve in Excel with explanation computation for each steps answer in text form

How can you display or print a batch or group of reports quickly? A. Create a memorized group of reports. B. Click Batch Reports from the Home Page C. Click Reports > Process multiple reports D. You cannot do this in Quickbooks