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I cant understand the b part, what is the remaining balance formula and intereet formula ? Can you explain all of the part. 2. Constant

I cant understand the b part, what is the remaining balance formula and intereet formula ? Can you explain all of the part. image text in transcribed
2. Constant Payment Mortgage (CPM) for $100,000 is made at a time when the interest rate is 15%. The loan is fully amortizing, has a maturity of 2 years and payments will be made monthly. a. Whatwill be themonthlypayments? 100000=x(PVIFA1.28,24)=x20.6242x=4848.665 b. Whatwill be theremainingbalance at theend of thesecondmonth? (Form an amortizationtahle)

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