omplete the first month of the amortization schedule for the following fixed rate mortgage. Round the answer to the nearest cent. Mortgage: $79,000 Interest rate: 8.5% Term of loan: 15 years...

omplete the first month of the amortization schedule for the following fixed rate mortgage. Round the answer to the nearest cent.

Mortgage:

$79,000

Interest rate: 8.5%

Term of loan: 15 years

Amortization Schedule

Payment Total Interest Principal Balance of

Number Payment Payment Payment Principal

1 $777.94 (a) _____ (b) _____ (c) _____

Jun 02, 2022

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