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A 30-year mortgage has an annual interest rate of 5.25 percent and a loan amount of $175,000. What are the monthly mortgage payments? (Round your

A 30-year mortgage has an annual interest rate of 5.25 percent and a loan amount of $175,000. What are the monthly mortgage payments? (Round your answer to 2 decimal places.) Payment A 30-year mortgage has an annual interest rate of 4.65 percent and a loan amount of $225,000. (Hint: Use the "IPMT" and "PPMT" functions in Excel.) What are the interest and principal for the 84th payment? (Round your answers to 2 decimal places.) Interest Principal A 20-year mortgage has an annual interest rate of 5.65 percent and a loan amount of $205,000. (Hint: Use the "CUMPRINC" function in Excel.) What is the remaining balance at the 84th payment? (Round your answer to 2 decimal places.) Balance

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