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Fifteen years ago Dan bought...

Fifteen years ago Dan bought a home and financed $150,000 with a 30-years mortgage at 8.2%. (a) find his monthly payment, the total amount of his payments, and the total amount of interest he will pay over the life of this loan. (b) Dan made payments for

15 years. Estimate the unpaid balance using the formula and then calculate the total of their remaining payments. y=R*(1-(1+i)^(-n+x))/(i). (c)

15 years. Estimate the unpaid balance using the formula and then calculate the total of their remaining payments. y=R*(1-(1+i)^(-n+x))/(i). (c)

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