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1) Moving to another question will save this response. Peifan is taking an Interest Only loan to purchase a $192419 property with 0.9 LTV. The loan is issued for 15 years with monthly payments and has a fixed interest rate at 3%. Under this mortgage contract, what will be Peifan's payment in the first month of the loan? State your answer as a number rounded to the nearest cent (e.g. if your answer is $1,000.568, write 1000.57). Fill in the blank. In a given FRM fully-amortized mortgage, the scheduled payment remains the same over time. The portion of the scheduled payment that goes to principal over time and the portion of the scheduled payment that pays interest over time. Remains the same; Remains the same Decreases; Increases Increases; Decreases Cannot be determined with the information given; Cannot be determined with the information given Remains the same; Increases (4) Moving to another question will save this response