question 9

please show excel formulas

8. What is the payment in month 13 on a CAM loan for $150,000 with a maturity of 15 years at 5.85%? $150,000 Answer $1,253.66 15 180 Loan Amount Years Periods Per Year Payment Month at Issue Here Interest Rate Constant Amortization Amount 0.49% 9. What is the interest paid in month 14 on the loan in the previous question? Answer Loan Amount Years Periods Per Year Payment Month at Issue Here Interest Rate Constant Amortization Amount