Hello, I am having difficulty figuring out the answer to this problem. Thank you for your help.

A floating rate mortgage loon is made for $125,000 for a 30 -year period at an initial rate of 12 percent interest. However, the borrower and lender have negotiated a monthly payment of $1,000. Required: a. What will be the loan balance at the end of year 1? b. If the interest rate increases to 13 percent at the end of year 2 , how much is the payment plus negative amortization in year 2 and year 5 if the payment remains at $1,000 ? Complete this question by entering your answers in the tabs below. If the interest rate increases to 13 percent at the end of year 2 , how much is the payment plas negative amortization in year 2 and year 5 if the payment remains at $1,000 ? Notes Da not round intermediate calculations, Round your final answers to 2 decimal places