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A fully amortizing mortgage loan is made for $80,000 at 6 percent interest for 25 years. Payments are to be made monthly Required: a. Calculate

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A fully amortizing mortgage loan is made for $80,000 at 6 percent interest for 25 years. Payments are to be made monthly Required: a. Calculate monthly payments. b. Calculate interest and principal payments during month 1. c. Calculate total principal and total interest paid over 25 years. d. Calculate the outstanding loan balance if the loan is repaid at the end of year 10. e Calculate total monthly interest and principal payments through year 10. t What would the breakdown of interest and principal be during month 50? Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Required E Required F Calculate monthly payments. (Round your final answer to 2 decimal places.) Monthly payment $ 515.00 Required B> Required A Required B Required C Red Calculate interest and principal payments during Interest payment $ 400.00 Principal payment $ 115.00 X Complete this question by entering your answers Required A Required B Required C Required D Calculate total principal and total interest paid over 25 $ 80,000 Total principal payment Total interest payment $ 74,632 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Calculate the outstanding loan balance if the loan is repaid at the end of year 10. (Round you places.) Outstanding loan balance $ 61,082.00 X Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D Required E Required F Calculate total monthly interest and principal payments through year 10. (Round your final answers to 2 de Total interest payment Total principal payment $ 42,938,00 $ 18,917.00 What would the breakdown of interest and principal be during month 50? (Do not round intermediate calculations. Round your finanswers to 2 decimal places) Interest payment Principal payment 147 00 3 358 00 3 $

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