A couple has just purchased a home for $392,700.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker has gotten them a mortgage rate of 6.00% APR with monthly compounding. The mortgage has a term of 30 years.

How much interest is paid on the first payment? Answer format: Currency: Round to: 2 decimal places. How much interest is paid in the first year? Answer format: Currency: Round to: 2 decimal places.