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Daniel and Jan agreed to pay $ 5 6 1 , 0 0 0 for a four - bedroom colonial home in Waltham, Massachusetts, with

Daniel and Jan agreed to pay $ 561,000 for a four-bedroom colonial home in Waltham, Massachusetts, with a $ 70,000 down payment. They have a 25-year montgage at a fixed rate of 63/8%.(Use Table 151.) a. How much is their monthly payment? Note: Do not round intermediate calculations. Round your answer to the nearest cent. b. After the first payment, what would be the balance of the principal? Note: Do not round intermediate calculations. Round your answers to the nearest cent.Amortization table (mortgage principal and interest per $ 1,000)

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