d Zahedi: Attempt 2 Question 3 (4 points) We have been given a 3.6% fixed-rate 20-year mortgage with an initial balance of $158,517.35. The calculated monthly payments are $927.50. For the following questions, round to the nearest cent. The interest for the first month is The payment on the principal for the first month is The balance of the mortgage at the end of the first month isQuestion 2 (4 points) Suppose the median home value in Southfield, MI is $199,742 and you purchase a house listed at this price. You saved 20% for the down payment and closing costs are 3%. For the following questions, make sure to round to the nearest cent. The down payment in dollars is The closing cost in dollars is Then the amount financed is Question 3 (4 points) OCT 11