Assume you receive the following mortgage: Amount borrowed =175,000 Annual interest rate =6.5% Term =30 years. What is the monthly payment and how much of the payments in year 5 go toward interest? Monthly payment =$1,106.12 Interest in year 5=$10,568.62 Monthly payment =$1,106.12 Interest in year 5=$10,738.39 Monthly payment =$1,106.12 Interest in year 5=$9,894,77 Monthly payment =$1,160.21 Interest in year 5=$12.455.39 Monthly payment =$1,160.21 Amount of interest year 5=$15,692.90