Question: answer with all of the formulas and work. Please do not use excel formulas. AdditionalProblem #1 : Upon graduation, you've landed a good long-term job

answer with all of the formulas and work. Please do not use excel formulas.

AdditionalProblem #1 : Upon graduation, you've landed a good long-term job with a major corporation. Your first investment is a house with a total financed cost of $200,000. Since the fixed interest rate is so low for 15-year loans, an amazing 3.25%/year/month, you decide to pay off the note in 15 years with 180 equal end of month payments. Answer the following questions: - a). What are the monthly mortgage payments for principal and b). What portion of the 90th payment is interest? c) What portion of the 90h payment is principal repayment? d). What is the remaining balance immediately after the 12h year e). Ifyou choose to payoff the loan at t-96, how much must you pay? interest? (144h payment)

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