Illustrating Amortization

Heather McIntosh of Watertown, South Dakota, recently purchased a home for $$190,000.$

She put $$25,000$ down and took out a $25$ year loan at $5\mathrm{.}5$ percent interest.

Answer these two questions.

a$.)$ Use Table $9-4$ to determine her monthly payment.

b$.)$ How much of her first payment will go toward interest and principal and how much will she owe after that first month?

Jable $9-4$

$\backslash$table$[[,,,,],[$Interest Rate $(\%),15,20,25,30$