A home is purchased for $148450. The homeowner pays $29690 down and finances the balance for 30 years at 7.5% compounded monthly.
a. Find the size of the payments rounded up to the next cent.
$
b. How much of the first payment is interest?
$
c. How much is still owed on the loan just after 145 payments.
$
d. What is the owner's equity after 145 payments?
$
e. How much is owed just before the 145 payment is actually made?
$