A loan of $127,000 is to be paid off with 25 years of equal monthly payments at 8.5% compound interest. Here is an amortization table for the first 12 payments: Payment Amount of Interest Portion to Principal at Number Payment for Period Principal End of Period $1022.64 $899.58 $123.06 $126,876.94 2 $1022.64 $898.71 $123.93 $126,753.01 3 $1022.64 $897.83 $124.81 $126,628.20 4 $1022.64 $896.95 $125.69 SI26,502.51 5 $1022.64 $896.06 $126.58 S126,375.93 6 $1022.64 $895.16 $127.48 $126,248.45 7 $1022.64 $894.26 $128.38 $126, 120.07 8 $1022.64 $893.35 $129.29 $125,990.78 9 $1022.64 $892.43 $130.21 $125,860.57 10 S1022.64 $891.51 $131.13 $125,729.44 11 $1022.64 $890.58 $132.06 $125.597.38 12 $1022.64 $889.65 $132.99 $125.464.39 Answer as dollars and cents. Do not type dollar signs or commas. (a) How much of payment 9 is interest? Ans: $ (b) How much of the 12th payment reduces the principal? Ans: $ (c) How much interest is paid in the first two months? Ans: $