This question has multiple parts. You need to answer all parts for full credit.

Assume you obtain a mortgage for $320,000, the term of the loan is for 30 years, it has an annual rate of 9.200%, and you make payments every month.

Please provide the following information:

First month's payment: (Click to select) $2,489.93 $2,641.79 $31,701.52 $2,085.33 $2,620.98 $2,453.33

First month's interest: (Click to select) $2,085.33 $2,620.98 $2,489.93 $29,440.00 $2,453.33 $2,261.52 $188.46

First month's principal: (Click to select) $2,489.93 $2,809.44 $2,252.98 $2,453.33 $2,085.33 $2,261.52 $167.65 $2,620.98 $2,146.66 $226.33

Balance at the end of the first month: (Click to select) $319,832.35 $317,379.02 $319,773.67 $317,853.34 $317,190.56 $319,811.54 $317,546.67 $317,738.48

Total interest paid over the life of the loan: (Click to select) $883,199 $563,199 $631,044 $10,598,400 $623,553