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Complete the first two months of each amortization schedule for a fixed-rate mortgage. Mortgage, $143,900; Interest rate, 7.9%; Term of loan , 14 years Fill

Complete the first two months of each amortization schedule for a fixed-rate mortgage.

Mortgage, $143,900; Interest rate, 7.9%; Term of loan, 14 years

Fill out the amortization schedule below and round all values to the nearest cent.

Payment Number

Total Payment

Interest Payment

Principal Payment

Balance of Principal

$143,900

1

(a)

$enter your response here

(b)

$enter your response here

(c)

$enter your response here

(d)

$enter your response here

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