Find the mortgage balance after the first three payments on a $15$

$-$year $$130,000$

mortgage that was financed at an APR of $4\%$

and has a monthly payment of $$961\mathrm{.}59$

$.$

Payment Number Interest Payment Principal Payment Mortgage Balance

$1$

$$433\mathrm{.}33$

$$528\mathrm{.}26$

Balance $1$

$2$

$$431\mathrm{.}57$

$$530\mathrm{.}02$

Balance $2$

$3$

$$429\mathrm{.}81$

$$531\mathrm{.}78$

Balance $3$