A mortgage for $$100,600$ is made with initial payments of $$500$ per month for the first year. The interest rate is $9$

percent. After the first year, payments will increase to an amount that makes the loan fully amortizable over the

remaining $24$ years with constant monthly payments.

Required:

a$.$ Calculate the interest deductions for the loan for the first year.

b$.$ How much, If any, Interest must be deferred untill the second year?

c$.$ How much interest will be deducted in the second year?