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$?$ QUESTION

On July $1,$ the home mortgage balance was $$198,000$ for the home owned by Janet Washington. The interest rate for the loan is $9$ percent

Assuming that Janet makes the July monthly mortgage payment of $$1980,$ calculate the following:

$($a$)$ The amount of interest included in the July payment $($round your answer to the nearest cent$).$

$($b$)$ The amount of the monthly mortgage payment that will be used to reduce the principal balance.

$($c$)$ ie new balance after Janet makes this monthly mortgage payment.

EXPLANATION