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Intro You just took out a 15-year traditional fixed-rate mortgage for $400,000 to buy a house. The interest rate is 7.2% (APR) and you have

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Intro You just took out a 15-year traditional fixed-rate mortgage for $400,000 to buy a house. The interest rate is 7.2% (APR) and you have to make payments monthly Part 1 Attempt 1/3 for 10 pts. What is your monthly payment? 0+ decimals Submit Part 2 Attempt 1/3 for 10 pts. How much of your first monthly payment goes towards paying down the outstanding balance (in $)? 1240.19 Correct Part 3 Attempt 2/3 for 7 pts. How much is the outstanding balance in $) after the first monthly payment? 0+ decimals

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