Clarrisa Madison purchases a home and secures a loan of$240,000. The bank charges a fee of2.29points. Find the charge for points.

Find the mortgage payment for a15-year loan of$224,700at an annual interest rate of8.25%. (Round your answer to two decimal places.)

Marcel Thiessen purchased a home for$208,100and obtained a 15-year, fixed-rate mortgage at7%after paying a down payment of 10%. Of the first month's mortgage payment, how much is interest and how much is applied to the principal? (Round your answer to the nearest cent.)