Show work through excel using formulas: but please actually show each step you use to do it on excel!

1. Let's assume that you have just taken out a mortgage loan for $200,000 with an origination fee of 2 points due upfront. The mortgage term is 30 years and the mortgage rate is fixed at 4%. What is the cost of the origination fee in dollar terms?

A. $400.00 B. $954.83 C. $4000.00 D. $4954.83

2. Assume you have taken out a balloon mortgage loan for $2,500,000 to finance the purchase of a commercial property. The loan has a term of 5 years, but amortizes over 25 years. Calculate the balloon payment at maturity (Year 5) if the interest rate on this loan is 4.5%.

A. $5,637.99 B. $13, 895.82 C. $2,196,447.59 D. $2,495,479.19