For amortization problems, INPUT = AMORT - numbers of periods +1 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, I/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