Question: 3 10. How much will you pay into principal on a 7%. $125,000, 25 year mortgage in the 8 final 2 years of the mortgage,

3 10. How much will you pay into principal on a

3 10. How much will you pay into principal on a 7%. $125,000, 25 year mortgage in the 8 final 2 years of the mortgage, assuming monthly compounding? Get PMT first. P/YR=12 PV--125,000, I/YR 7.375. N-25*12-300, PMT= ? 277 INPUT (300-2*12+1) 300 AMORT (25*12=300) a. 21.221.951 b. 20,328.063 c. 23,516.012 d. 13,185.654 11. Compute the balance, at 10 1/4 years, on a $145,000, 8.75%, 30 year mortgage, assuming monthly compounding Get PMT first. P/YR = 12 PV=-145,000, I/YR8.75, N=30*12=360, PMT= 1.140.716 1 INPUT (you can enter anything except zero for input) 123 AMORT (10.25*12) a. 123,852.333 b. 125,521.257 c. 126,528 559 d. 128.479.625

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