Question: Hello, I know that these are simple easy questions, but I unfortunately keep making mistakes in them and I can't finally understand them properly.. Will

Hello, I know that these are simple easy questions, but I

Hello, I know that these are simple easy questions, but I unfortunately keep making mistakes in them and I can't finally understand them properly.. Will you please show me handwritten calculations, or if you use a Financial Calculator can you mention what you choose for: N, I/Y. PV, FV, PMT. or any other thing just mention it so I don't get lost... Thank you so much!!

Q1. You currently owe $125,000 on a 5.75% mortgage. How much interest will be due on your next payment? If you make a payment of $500, how much will be paid to principal, and what will your balance be after that payment? Q2. You have obtained a bullet (interest only) loan for 8,000,000 at 4.875% that is due in 4 years. What is your monthly payment? What will your balloon payment amount be at month 48 (after you have made your regular payment)

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