3033.73 and 503.73 are NOT correct answers

Daniel and Jan agreed to pay $566,000 for a four-bedroom colonial home in Waltham, Massachusetts, with a $60,000 down payment. They have a 30-year mortgage at a fixed rate of 6.00%. (Use Table 15.1) a. How much is their monthly payment? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Answer is complete but not entirely correct. Monthly payment $ 3,034 b. After the first payment, what would be the balance of the principal? (Do not round Intermediate calculations. Round your answers to the nearest dollar amount.) Payment number 1 Answer is not complete Portion to Balance of loan Interest Principal outstanding 2.530 503 $ TABLE 15-1 Amortization table (mortgage principal and interest por $1.000) INTEREST Term In years 3. 5% 51% 6% 6,1% 7% 7.1 8% 80% 9% 99% 10% 101% 119 10 10.61 10.86 11.11 975 11.36 1002 188 10.56 12 13,50 12:25 13.78 12.54 9.25 9.51 9.89 8.52 7 15 6.52 1267 11:39 10.15 11.52 10.20 8.99 8.40 12.94 1167 10.45 9.90 15 7.91 7:29 8.44 784 8.72 8.12 17 9.59 20 22 25 7.17 8.18 7.56 6 88 6.51 6.15 5.80 5.44 1327 11.0 10.75 10:22 966 9:39 9.09 378 6.60 6:20 5.85 5.37 7.46 7.13 6.76 12.14 10.82 9.56 8.99 837 807 2.72 7.34 7.11 9:28 8.69 8.06 7.75 7.39 7.00 6.75 6.82 645 1240 1111 9.85 9.29 8.68 8 39 806 7.69 747 7.76 7.44 7.07 6.66 6.39 9.00 872 8.40 8.05 7.84 9.33 905 8.74 11.06 10.54 9.99 973 9.45 9.15 8.90 501 4,50 11 37 10 85 10:33 10.08 981 9.53 9.37 8.41 30 5.68 5.38 600 571 6.33 6.05 8.22 860 35 3.99 5.05