1)

Make an amortization table to show the first two payments for the mortgage.

Amount of mortgage	Annual interest rate	Years in mortgage	Monthly payment
$403,442	5.50%	35	$2166.55

Month	Monthly payment	Interest	Principal	End-of-month principal
1	$2166.55	$enter your response here	$enter your response here	$enter your response here
2	$2166.55	$enter your response here	$enter your response here	$enter your response here

2) Justin is financing $169,500 for a home at 4.50% interest with a 20-year fixed-rate loan. Find the interest paid and principal paid for each of the first two months of the loan and find the principal owed at the end of the second month. Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. Interest paid for the 1st month is $

Years	Annual interest rate
financed	4.00%	4.25%	4.50%	4.75%	5.00%	5.25%	5.50%	5.75%	6.00%	6.25%	6.50%	6.75%	7.00%	7.25%	7.50%	7.75%
10	10.12	10.24	10.36	10.48	10.61	10.73	10.85	10.98	11.10	11.23	11.35	11.48	11.61	11.74	11.87	12.00
12	8.76	8.88	9.00	9.12	9.25	9.37	9.50	9.63	9.76	9.89	10.02	10.15	10.28	10.42	10.55	10.69
15	7.40	7.52	7.65	7.78	7.91	8.04	8.17	8.30	8.44	8.57	8.71	8.85	8.99	9.13	9.27	9.41
17	6.76	6.89	7.02	7.15	7.29	7.42	7.56	7.69	7.83	7.97	8.11	8.25	8.40	8.54	8.69	8.83
20	6.06	6.19	6.33	6.46	6.60	6.74	6.88	7.02	7.16	7.31	7.46	7.60	7.75	7.90	8.06	8.21
22	5.70	5.84	5.97	6.11	6.25	6.39	6.54	6.68	6.83	6.98	7.13	7.28	7.43	7.59	7.75	7.90
25	5.28	5.42	5.56	5.70	5.85	5.99	6.14	6.29	6.44	6.60	6.75	6.91	7.07	7.23	7.39	7.55
30	4.77	4.92	5.07	5.22	5.37	5.52	5.68	5.84	6.00	6.16	6.32	6.49	6.65	6.82	6.99	7.16
35	4.43	4.58	4.73	4.89	5.05	5.21	5.37	5.54	5.70	5.87	6.04	6.21	6.39	6.56	6.74	6.92

3)

Conchita has made a $210,500 loan for a home. Her 22-year fixed-rate loan has an interest rate of 5.75%. Create an amortization schedule for the first two payments. Click the icon to view the table to find the monthly payment of principal and interest per $1,000 of the amount financed.

Complete the table for the first month below.

Month	Monthly payment	Interest	Principal	End-of-month principal
1	$enter your response here	$enter your response here	$enter your response here	$enter your response here

(Round to the nearest cent as needed.)

THANK YOU!!!!!