Exene financed the purchase of her new house in Maplewood with a 30-year fixed-rate mortgage, the annual mortgage interest rate is 5.75% and she borrowed $200,000.

a.) If she makes a payment of $1250 a month, what is the balance remaining on her loan after making payments for 10 years?

b.) If she makes a payment of $1250 a month until the loan is paid off, how many months will it take for her to pay off the loan?