Questions $1827$ use the same data

$18$ Mortgage: find payment

N $=15$ years, monthly payments, starts at end of January

Interest rate $=5\%,$ compounded monthly

PV $=500,000$

FV $=0$

Compute PMT

Round to $2$ decimal places

P$1=1$

P$2=12$

$19$ Balance at end of December in first year

$20$ Total principal repayment at end of first year

$21$ Total interest payments at end of first year

Round to $2$ decimal places

P$1=49$

P$2=60$

$22$ Balance at end of December in $5$th year

$23$ Total principal repayment in $5$th year

$24$ Total interest payments in $5$th year

Round to $2$ decimal places

$25$ Balance at end of December in $13$th year

$26$ Total principal repayment in $13$th year

$27$ Total interest payments in $13$th year

Round to $2$ decimal places