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 9. How much interest will you pay in the 12th year of a $85,000, 5.5%, 25 year mortgage, assuming monthly compounding? P/YR - 12 Get PMT first. P/YR = 12 PV=-85,000, I/YR-5.5, N-25 12-300, PMT-? 133 INPUT (144-12*1+1-133; 12*11-132 marks the end of 11th year, 133 marks the first payment of 12th year). 144 AMORT (12*12) a 3,062.219 b. 3,198.201 c. 3,014.225 d. 3,284.047