1.A 10 year, 6% loan for $10,000 was made 5 years ago.If monthly payments have been made as scheduled, what is the balance?

2.You owe $33,500 on a house at 6%.Making $1,500 monthly payments, how long until you pay off the house?

3.What is the balance owed after the SECOND monthly payment on a $65,000, 30-year, 8% note?

4.Tom borrows $125,000 on a 15-year, 6% loan.What is the interest component of his SECOND monthly payment?

5.Make/Use an amortization table for a $10,000 loan at 8%, with a term of 5 years and annual payments.