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Here is a partial amortization table for a $127.000 loan at 8.5% interest compounded monthly for 25 years. Payment Amount of Interest Portion to Principal

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Here is a partial amortization table for a $127.000 loan at 8.5% interest compounded monthly for 25 years. Payment Amount of Interest Portion to Principal at Number Payment for Period Principal End of Period 1 $1022.64 $899.58 $123.06 $126,876.94 2 $1022.64 $898.71 $123.93 $126,753.01 3 $1022.64 $897.83 $124.81 $126,628.20 4 $1022.64 $896.95 $125.69 S126,502.51 5 $1022.64 $896.06 $126.58 S126,375.93 6 $1022.64 $895.16 $127.48 S126,248.45 7 $1022.64 $894.26 SI28.38 $126, 120.07 8 $1022.64 $893.35 $129.29 S125,990.78 9 $1022.64 $892.43 $130.21 $125,860.57 10 $1022.64 $891.51 $131.13 S125.729,44 $1022.64 $890.58 $132.06 $125,597.38 12 $1022.64 $889.65 $132.99 $125,464.39 Answer in dollars and cents. Do not type the dollar sign or a comma. How much of the 8th payment is interest? $ $ How much of the 10th payment reduces the principal? $ How much interest is paid in the first 3 payments? $ $

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