1. On a fixed-payment loan with 12 years (144 payments) remaining, at an interest rate of 9 percent, and with a monthly payment of $1,000, what is the remaining mortgage balance? 2. Find the balance on this loan at the end of six years: $125,000, 15 years, 6.25 percent. 3. For a loan of $100,000, at 7 percent interest rate for 30 years, find the balance at the end of 4 years and 15 years.

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A: a) Computation:

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A: Annual Payment = P / ((1-(1+r)-n)/r) Where P = Principal Amount  r = Rate of interest n = Numbers…

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A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

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A: Annual worth distributes present worth into equivalent uniform value over its useful life.

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A: Given:

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A: Excel Spreadsheet:

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A: present value=future value1+rate of interestfrequency of compoundingyear×frequency

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A: Loan: It is the sum of money given to the borrower by the lender for a period of time. In return,…