answer the questions in a paragraph.

. a. After making 12 payments, how much principal would you still owe on the 15 year loan? b. After making 12 payments, how much principal would you still owe on the 30 year loan? c. What was the difference in principal still owed on a 15 year vs. a 30 year loan after the first 12 payments. d. What was the dollar amount that went towards principal on the 15 year loan after 12 payments. (HINT: Look at the principle paid on each of the twelve payments combined, not just the twelfth payment.) e. What was the dollar amount that went towards principal on the 30 year loan after 12 payments. (HINT: Look at the principle paid on each of the twelve payments combined, not just the twelfth payment.) Loan Amount: 175,000.00 Monthly Payment: 1,146.40 Interest rate: 2.25% Loan Term: 180 months Annual Payment: 13,756.80 Total Payment: 206,352.00 Total Interest: 31,352.00 Month Monthly Payment Interests Principal Balance 1 1.146.40 328.12 818 28 174,18173 2 1.146.40 326 59 819 81 173 361.92 3 1,146.40 325.05 821 35 172.540.57 4 1,146.40 32351 822 89 171.717.68 5 1.146.40 321.97 824 43 170,893 25 6 1.146.40 320 42 825 98 170,067 28 7 1.146.40 318 88 827 52 169 239.75 8 1,146.40 31732 829.08 168, 410.68 9 1.146.40 315.77 830.63 167 580.05 10 1.146.40 314.21 832. 19 156, 747 86 11 1,146.40 312 65 833 75 165,914 11 12 1.146.40 311 09 835.31 165,078 80 309 52 836 88 164241.93 13 1,146.40 163 403 48 838.45 30795 1,146.40 14 . 306 38 840 02 162,563 46 15 1,146.40 304 81 841 59 161.721.87 16 1,146.40 303 23 843 17 160,878.70 17 1,146.40 160 033 94 301.65 844 75 18 1,146.40 30-year loan. Loan Amount: 175,000.00 Monthly Payment: 726.06 Interest rate: 2.875% Loan Term: 360 months Annual Payment: 8,712.72 Total Payment: 261,381.60 Total Interest: 86,381.60 Month Monthly Payment Interests Principal Balance 1 726.06 419 27 306.79 174,693.21 2 726.06 418.54 30752 174 385.69 3 726 06 417 80 308 26 174,077 43 4 725.06 417.06 309.00 173,768.43 5 726.06 416 32 309.74 173,458,69 03 6 726.06 415 58 310.48 173.148.20 7 726.06 41483 311.23 172,836.98 8 726.06 414.09 31197 172,525.01 9 726.06 413 34 31272 172 212 29 10 726.06 41259 313:47 171,898.82 11 726.06 411 84 31422 171.584.60 12 726.06 411.09 31497 171,269 63 13 T26.06 410.33 315.73 170,953.90 14 726.06 409.58 316.48 170,637 42 15 726.06 408 82 317 24 170,320.18 16 726.06 408.06 318.00 170,002.18 17 726.06 407 30 318.76 169.683.41 18 726.06 406 53 319 53 169,363.89 19 72606 405.77 320 29 169,043.60