How much of the first months payment goes toward interest on a 30-year monthly mortgage loan of $300,000 that has an annual interest rate of 8%? Discount rate is 8%.

• A. $2,201
• B. $2,100
• C. $2,000
• D. $1,950

How much of the last months payment goes toward interest on a 30-year monthly mortgage loan of $300,000 that has an annual interest rate of 8%? Discount rate is 8%.

• A. $14.58
• B. $14.85
• C. $15.00
• D. $16.67