Use the following information to answer the next two questions: Terry recently took out a $140,000, 30-year, fixed-rate, constant amortization mortgage (CAM) at 5.25 percent interest with monthly payments. How large is the total payment Terry must make in the 14^th month of this loan? $773.09 $388.89 $590.38 $979.27 None of the above; the correct answer is _______. How much will Terry owe on this loan at the end of the 7^th year? $140,000.00 $32, 666.67 $107, 333.33 $123, 740.97 None of the above; the correct answer is _______. Helen recently took out a $345,000, 15-year, payment mortgage (CPM) at 5.25 percent interest with monthly payments. How much will interest will Helen pay with the 27th payment on this loan? $2, 773.38 $38.739.43 $1, 415.93 $1, 291.35 None of the above; the correct answer is _______. Earnest has a 1-year ARM with a 4 percent annual PAYMENT cap and 10 years remaining until maturity that is about to adjust. If the payment on his loan last year was $475.13, the current outstanding balance on his loan is $58,000, and the new rate on his mortgage is 3.5 percent, what is the new payment on his mortgage? $494.14 $573.54 $475.13 $491.76 None of the above; the correct answer is _______