1) In order to purchase a home, a family borrows $173,000 at an annual interest rate of 6.2% to be paid back over a 15-year period in equal monthly payments. a) Use the mortage formula (not table). What is their monthly payment? Round the answer to the nearest cent. b) What is the total amount of interest paid? c) Fill in the give schedule to complete the first two months of amortization. Amortization Schedule Payment Total Interest Principal Number Payment Payment Payment Balance of Principal 1 2