2.) Determine the amount of your first and second months' payments that will go towards the principal. (See notes on the amortization table as a guide) Amount going toward Principal- month 1 52310.07 % RTY your moyage will have on the amount of interest you pay and the length of your loan. 1.) Using the Monthly Payment Formula we have been using in class find your monthly payment for a $150,000 30-year fixed rate mortgage at 3.5%. Show your work. n o ty clo Monthly payment_$673.51 360 (17 m)n-1 = 150.000 (49) (27.035) ((1+:035/360 - 1 ALO