Consider the same loan; $$600,000$ SOy fixed rate mortgage with a $7\%$ interest rate, paid monthly $($hint bulld an amortization tabla in excel$)$:

a$.$ What is the monthly payment on this loan?

b$.$ In the first month, how much principal is paid$/$and how much is paid in interest $($in dollar terms$)?$

c$.$ In whet month do principal payments first exceed interest payments?

d$.$ What is the remaining principal balance after the $100$ th payment?