Part 2: Complete these problems and show work clearly

Last updated: 7/19/2022

Part 2: Complete these problems and show work clearly (formulas used and what values you typed into the calculator). When asked for, state your answers or findings in a complete sentence. Again, limited/no help from teacher, MathLab, Learning Commons for Part 1 and Part 2). 1. In October of 1981, average interest rates were the highest they've ever been in America: 18.3% on 30-year mortgages AND 16.7% on 15-year mortgages a. Without using the table, calculate the monthly payment for a loan of $175,000 for 30 years. State your answer in a sentence.