Question: Please show excel functions 4 S. What is the payment in month 13 on a CAM loan for $150,000 with a maturity of 15 years

Please show excel functionsPlease show excel functions 4 S. What is the payment in month

4 S. What is the payment in month 13 on a CAM loan for $150,000 with a maturity of 15 years 5 at 5.85%? 6 7 Loan Amount $150.000 Answer 8 Years 15 9 Periods Per Year 12 Payment Month at Issue Here 13 1 Interest Rate 5.85% 2 Constant Amortization Amount ($1.254) 3 5 9. What is the interest paid in month 14 on the loan in the previous question? 6 7 Loan Amount Answer 8 Years 9 Periods Per Year 0 Payment Month at Issue Here 1 Interest Rate 2 Constant Amortization Amount 3 4 5 10. What is the balance at EOM 34 of the loan in the previous question? 6 7 Loan Amount Answer 3 Years 9 Periods Per Year 0 Payment Month at Issue Here 1 Interest Rate 2 Constant Amortization Amount 3

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