For the following loan, make a table showing the amount of each monthly payment that
goes toward principal and interest for the first three months of the loan.
A home mortgage of $145,000 with a fixed APR of 3% for 30 years.
Fill out the table.
End of...
Interest
$
Payment Toward
Principal
New Principal
$
Month 1
(Round the final answers to the nearest cent as needed. Round all intermediate values
to six decimal places as needed.)
Fill out the table.
End of...
Interest
Payment Toward
Principal
New Principal
$
Month 2
(Round the final answers to the nearest cent as needed. Round all intermediate values
to six decimal places as needed.)
Fill out the table.
End of...
Month 3
Interest
Payment Toward
Principal
New Principal
$
(Round the final answers to the nearest cent as needed. Round all intermediate values
to six decimal places as needed.)