3) (10 pts) a) A 10-year mortgage for $95,000 is issued at a 6% annual interest rate. b c ( ( (a) What is the monthly payment? ( How long does it

Please solve the problem in excel and show the formula for solution kindly.

3) (10 pts)a) A 10-year mortgage for $95,000 is issued at a 6% annual interest rate. bc (((a) What is the monthly payment?( How long does it take to pay off the mortgage, if $1500 per month is paid?( )) What is the monthly payment, if the interest rate is 0.5% per month?