2 - Page 2.2. Y. Fx 100% ? Home Layout Tables Charts SmartArt Formulas Data Review Function Audit Formulas Calc A1 Trace Precedents Remove Arrows Recalculat fx $A$1 Switch Formula ert Insert Trace Dependents AutoSum Reference Show Check for Errors Recalculat Builder Reference Name A1 fx and how much of your first monthly payment is principal paydown? B D 6. You have recently purchased a home and taken out a $250,000 fifteen (15) year mortgage with an annual nominal or stated interest rate equal to 4.00%. What is your monthly mortgage payment on this mortgage? How much of your first monthly payment is interest expense and how much of your first monthly payment is principal paydown? 15-year Mortgage Amount $250,000 Mortgage Period - Years 15 Annual Interest Rate 4.00% Compounding periods (per year) 12 Monthly Mortgage Payment First Month Interest First Month Principal 000