A fixed rate mortgage of $$600,000$ with CIBC at j$2=6\%$ amortized over $25$ years

with monthly payments and a $5-$year term.

$($a$)$ What is the OSB at the beginning of $3$rd month $($hint: what time index$)?$ The time

index would be the same as the end of $2$nd month.

$($b$)$What is the OSB at the end of $3$rd month?

$($c$)$Calculate the interest component for the $3$rd month $($hint: which OSB to use$)?$ Also

calculate the principal component for the $3$rd month

Calculate exact numbers with the following above