Jaclyn and Henry secured a

$

$225$

$,$

$000$

mortgage at

$5$

$\%$

annual interest for

$20$

years. This results in a monthly payment of

$

$1484\mathrm{.}90$

and the interest paid in month one is

$

$937\mathrm{.}50$

$.$

Assume they only make the minimum payment each month.

How much is the balance reduced in month one?

What is the beginning balance for month two?