2. [-/12.5 Points] DETAILS BRECMBC9 14.1.008.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Prepare an amortization schedule for the first 3 payments (in $) of a $66,000 mortgage at 5% for 2 years. Use this table. (Round your answers to the nearest cent.) Payment Number Monthly Payment Monthly Interest Portion Used to Reduce Principal Loan Balance 0 1 $ 2 $ $ $ 3 $ $ $ Need Help? Read It Watch It Master It 10.36 35 Years 4.13 4.28 4.43 4.58 4.73 4.89 5.05 5.21 5.37 5.54 5.56 8.44 Interest Rate(%) 3.50 3.75 4.00 4.25 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 7.75 8.00 8.25 8.50 8.75 9.00 9.25 5.70 5 Years 18.19 18.30 18.42 18.53 18.64 18.76 18.87 18.99 19.10 19.22 19.33 19.45 19.57 19.68 19.80 19.92 20.04 20.16 20.28 20.40 20.52 20.64 20.76 20.88 21.00 21.12 21.25 21.37 21.49 21.62 21.74 21.87 21.99 22.12 22.24 22.37 22.50 22.63 22.75 Monthly Payments (Necessary to amortize a loan of $1,000) 10 15 20 25 30 Years Years Years Years Years 9.89 7.15 5.80 5.01 4.49 10.01 7.27 5.93 5.14 4.63 10.12 7.40 6.06 5.28 4.77 10.24 7.52 6.19 5.42 4.92 7.65 6.33 5.07 10.48 7.78 6.46 5.70 5.22 10.61 7.91 6.60 5.85 5.37 10.73 8.04 6.74 5.99 5.52 10.85 8.17 6.88 6.14 5.68 10.98 8.30 7.02 6.29 5.84 11.10 7.16 6.44 6.00 11.23 8.57 7.31 6.60 6.16 11.35 8.71 7.46 6.75 6.32 11.48 8.85 7.6 6.91 6.49 11.61 8.99 7.75 7.07 6.65 11.74 9.13 7.90 7.23 6.82 11.87 9.27 8.06 7.39 6.99 12.00 9.41 8.21 7.55 7.16 12.13 9.56 8.36 7.72 7.34 12.27 9.70 8.52 7.88 7.51 12.40 9.85 8.68 8.05 7.69 12.53 9.99 8.84 8.22 7.87 12.67 10.14 9.00 8.39 8.05 12.80 10.29 9.16 8.56 8.23 12.94 10.44 9.32 8.74 8.41 13.08 10.59 9.49 8.91 8.59 13.22 10.75 9.65 9.09 8.78 13.35 10.90 9.82 9.26 8.96 13.49 11.05 9.98 9.44 9.15 13.63 11.21 10.15 9.62 9.33 13.78 11.37 10.32 9.80 9.52 13.92 11.52 10.49 9.98 9.71 14.06 11.68 10.66 10.16 9.90 14.20 11.84 10.84 10.35 10.09 14.35 12.00 11.01 10.53 10.29 14.49 12.16 11.19 10.72 10.48 14.64 12.33 11.36 10.9 10.67 14.78 12.49 11.54 11.09 10.87 14.93 12.65 11.72 11.28 11.06 40 Years 3.87 4.03 4.18 4.34 4.50 4.66 4.82 4.99 5.16 5.33 5.50 5.68 5.85 6.03 6.21 6.40 6.58 6.77 6.95 7.14 7.33 7.52 7.71 7.91 8.10 8.30 8.49 8.69 8.89 9.08 9.28 9.48 9.68 9.88 10.08 10.29 10.49 10.69 10.90 5.87 6.04 6.21 6.39 6.56 6.74 6.92 7.10 7.28 7.47 7.65 7.84 8.03 8.22 8.41 8.60 8.79 8.98 9.18 9.37 9.56 9.76 9.96 10.16 10.35 10.55 10.75 10.95 9.50 9.75 10.00 10.25 10.50 10.75 11.00 11.25 11.50 11.75 12.00 12.25 12.50 12.75 13.00