1. The problem statement, all variables and given/known data Rebecca and Tom Payton have decided to buy a home that costs $200,000. The Paytons can put down 20% of the home's price. They have applied for a 15-year, 9% FRM to finance the balance. They Paytons have a combined gross annual income of $70,000. How much will the Paytons pay to satisfy their mortgage loan, if they make all the payments on time for the amount being financed? 3. The attempt at a solution I don't know where to start. I got 200,000(.20) = 40000 Then I don't know where to go after that.