Question: A 1 5 - year, $ 1 7 0 , 0 0 0 mortgage has a rate of 5 . 4 0 percent. a .

A 15-year, $170,000 mortgage has a rate of 5.40 percent.
a. What are the interest and principal portions in the first payment?
Note: Do not round Intermedlate calculations. Round your answers to 2 decimal places.
\table[[Interest,],[Principal,]]
b. What are the interest and principal portions in the second payment? Note: Do not round Intermedlate calculations. Round your answers to 2 decimal places.
\table[[Interest,,],[Principal,,]]
A 15-year, $170,000 mortgage has a rate of 5.40 percent. a.

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