$280,000 with monthly payments. 1) Calculate the amount of each mortgage payment using the PMT function....

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$280,000 with monthly payments. 1) Calculate the amount of each mortgage payment using the PMT function. 2) Calculate the total amount of mortgage payments and 3) the total amount of interest paid over the term of the mortgage under the following financing options. Enter a valid Excel formula or function in each of the yellow cells below. Formulas must refer to cell address(es). Entering a value will be marked as incorrect. Mortgage amount Payments per year $280,000 12 Financing Option Term (years) Annual interest rate 1) Monthly payment 2) Total payments over term 3) Total interest paid over term 1 30 12.0% 2 25 11.0% 3 15 11.5% 4 30 13.0% $280,000 with monthly payments. 1) Calculate the amount of each mortgage payment using the PMT function. 2) Calculate the total amount of mortgage payments and 3) the total amount of interest paid over the term of the mortgage under the following financing options. Enter a valid Excel formula or function in each of the yellow cells below. Formulas must refer to cell address(es). Entering a value will be marked as incorrect. Mortgage amount Payments per year $280,000 12 Financing Option Term (years) Annual interest rate 1) Monthly payment 2) Total payments over term 3) Total interest paid over term 1 30 12.0% 2 25 11.0% 3 15 11.5% 4 30 13.0%