You plan to purchase a \( \$ 220,000 \) house using a 15 -year Mortgage obtained from your bank. The Mortgage rate offered to you is \( 4.75 \% \). You will make a downpayment of \( 20 \% \) of the Purchase Price. A. What Is your down-payment amount? B. Calculate your monthly payment amount for this Mortgage? C. Over the lifetime of the Mortgage, What is the Total Interest Paid on this Mortgage? D. At the end of 10 -years, after 120 payments, what is the Balance amount remaining in the Mortgage?

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