Question: A 2 0 - year, $ 1 7 5 , 0 0 0 mortgage has a rate of 5 . 2 5 percent. What are

A 20-year, $175,000 mortgage has a rate of 5.25 percent.
What are the interest and principal portions in the first payment?
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
What are the interest and principal portions in the second payment?
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.

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