Carla is taking an Interest Only loan to purchase a $356,101 property with 0.85 (859) LTV. The loan is issued for 15 years with monthly payments and has a fixed interest rate at 4%. Under this mortgage contract, what will be Carla's payment in the first month of the loan? State your answer as a number rounded to the nearest cent(e.g. If your answer is $1,000.568, write 1000.57). The general pattern of the Pool Factor over the life of the mortgage poolist starts at 1 (100%) and decreases to 0 (0%) as borrowers pay pack their mortgage principal True False