Five years ago you took out a 5/1 adjustable rate mortgage and the five-year fixed rate...

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Five years ago you took out a 5/1 adjustable rate mortgage and the five-year fixed rate period has just expired. The loan was

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Answer 1

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Answer:

1.
=-FV(4.3%/12,12*5,PMT(4.3%/12,12*30,302000),302000)=$274,453.18

2.
=PMT(5.4%/12,12*25,-274,453.18)=$1,669.03

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