Question: Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $408,623

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

Amount of mortgage

Annual interest rate

Years in mortgage

Monthly payment

$408,623

5.25%

35

$2127.88

Part 1

Month

Monthly payment

Interest

Principal

End-of-month principal

1

$2127.88

$enter your response here

$enter your response here

$enter your response here

2

$2127.88

$enter your response here

$enter your response here

$enter your response here

(Round to the nearest cent as needed.)

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