8. How much interest will you pay in the 12th year of a $85,000, 5.5%, 25 year mortgage, assuming annual compounding? P/YR = 1 Get PMT first P/YR = 1 PV--85.000, 1/YR=5.5, N=1*25-25, PMT =? Then, 12 INPUT, 12 AMORT a. 3,059.287 b. 3,342.167 c. 3,5841.369 d. 3.8742.382 9. How much interest will you pay in the 12th year of a $85,000, 5.5%, 25 year mortgage, assuming monthly compounding? P/YR = 12 Get PMT first P/YR = 12 PV-85,000, I/YR-5.5, N=25*12-300, PMT = ? 133 INPUT (144-12*1+1=133, 1211-132 marks the end of 11th year, 133 marks the first payment of 12th year). 144 AMORT (1212) a. 3.062.219 b.3.198.201 c. 3.014.225 d. 3.284.047