1. A bank customer obtains a $150,000 mortgage with a term of 15 years and a nominal interest rate of 4.20%. The monthly debt service/payment for the mortgage [round to the last cent] is: a. $733.53 b. $833.33 c. $1,124.63 d. $1,225.73 e. $1,358.33 2. If the homeowner makes the minimum monthly required payments on the mortgage, what is the balance on the mortgage after 5 years -i.e. after the 60th payment is made [round to the last cent]? a. $100,000 b. $110,043 c. $116,959 d. $134,955 e. $135,515