1 Use the formula or a calculator application to find the monthly payment on a home mortgage of $279,558 at 4 560 interest for 25 years The monthly payment is about $ 2 Make an amortization table to show the first two payments for the mortgage Amount of mortgage Annual interest rate Years in mortgage Monthly payment $100,000 5 50 30 $568 00 Month Monthly payment Interest Principal End of month principal 1 $568 00 $enter your response here $enter your response here $enter your response here 2 $568 00 $enter your response here $enter your response here $enter your response here (Round to the nearest cent as needed )

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Question: 1. Use the formula or a calculator application to find the monthly payment on a home mortgage of $279,558 at 4.560% interest for 25 years.

1. Use the formula or a calculator application to find the monthly payment on a home mortgage of $279,558 at 4.560% interest for 25 years. The monthly payment is about $

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

Amount of mortgage	Annual interest rate	Years in mortgage	Monthly payment
$100,000	5.50%	30	$568.00

Month	Monthly payment	Interest	Principal	End-of-month principal
1	$568.00	$enter your response here	$enter your response here	$enter your response here
2	$568.00	$enter your response here	$enter your response here	$enter your response here

(Round to the nearest cent as needed.)

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