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10. How much will you pay into principal on a 7 %, $125,000, 25 year mortgage in the 8 final 2 years of the mortgage,

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10. How much will you pay into principal on a 7 %, $125,000, 25 year mortgage in the 8 final 2 years of the mortgage, assuming monthly compounding? Get PMT first. P/YR 12 PV 125,000, I/YR-7.375, N-25 12-300, PMT=? 277 INPUT (300-2*12+1) 300 AMORT (25*12-300) a. 21,221.951 b. 20,328.063. c. 23,516.012 d. 13,185.654. 11. Compute the balance, at 10 1/4 years, on a $145,000, 8.75%, 30 year mortgage, assuming monthly compounding. Get PMT first. P/YR - 12 PV-145,000, I/YR-8.75, N-30 12-360, PMT=1,140.716 1 INPUT (you can enter anything except zero for input) 123 AMORT (10.25*12) a. 123,852.333 b. 125,521.257 e. 126,528.559 d. 128,479.625

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