Word Problem 15-13 (Static) [LU 15-2 (1, 2)] Mike Jones bought a new split-level home for $150,000 with 20% down. He decided to use Victory Bank for his mortgage. They were offering 13% for 25-year mortgages. Provide Mike with an amortization schedule for two periods. (Use Table 15:16). (Do not round intermediate calculations, Round your answers to the nearest cent.) Payment number Portion to Interest Principal Balance of loan outstanding 1 2 Word problem 15-17 (Static) [LU 15-1(1)] Paying 13 mortgage payments instead of 12 per year can save you thousands in interest cost. If you had a $175,000 mortgage at 6% for 30 years, how much extra would you have to pay per year to make 13 instead of 12 mortgage payments per year? How much would you pay if you paid 1/12 of it per month? (Round your answer to the nearest cent.) Mortgage payments per month