Question: 1. Find the monthly payment for a home loan of $160,000 using a 20-year fixed-rate mortgage at 5.5%.
2. Find the monthly payment for a home loan of $160,000 using a 25-year fixed-rate mortgage at 5.5%.
3. Find the monthly payment for a home loan of $160,000 using a 30-year fixed-rate mortgage at 5.5%.