Question: Make an amortization table to show the first two payments for the mortgage. Amount of mortgage = $407,579 Annual Interest rate = 5.00% Years in

Make an amortization table to show the first two payments for the mortgage.

Amount of mortgage = $407,579 Annual Interest rate = 5.00% Years in mortgage = 35 Monthly payment = $2057.00

Month 1

Monthly Payment = 2057.00

Interest = $___

Principal = $___

End-of-month principal = $___

(Round to the nearest cent as needed.)

Month 2

Monthly Payment = 2057.00

Interest = $___

Principal = $___

End-of-month principal = $___

?(Round to the nearest cent as? needed.)

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