What would be the balance on the mortgage in problem #6 after 5 years?

Complete the following table for the loan in Problem #6:

6. You want to purchase a house that is priced at $85,000. You can get a loan for 80 percent of the bank's appraised value at 15.25% interest per year for 30 years with monthly amortization. The bank's appraiser has a theory that the value of a house is 95 percent of the asking price and appraises it accordingly. What will be your monthly payment if you take the loan? Monthly Payment $829.76 7, what would be the balance on the mortgage in Problem #6 after 5 years? 8, Complete the following table for the loan in Problem #6: Year Balance at Principal Repaid Total of Annual Loan Payments Interest Paid During the Year End of Year During Year 2 4