Jan sold her house on December 31 and took a $45,000 mortgage as part of the payment. The 10 year mortgage has a 8% nominal interest rate, but it calls for semi-annual payments beginning next June 30. Next year Jan must report on Schedule B of her IRS From 1040 the amount of interest that was induced in the two payments the received during the year. a. What is the dollar amount of each payment Jan receives? Round your answer to the nearest cent. b. How much interest was included in the first payments? Round your answer to the nearest cent. How much repayment of principal was included? Round your answer to the nearest cent. How do these values change for the second payments? The portion of the payment that is applied in interest declines, while the portion of the payment that is applied to principal increases. The portion of the payment that is applied in interest increases, while the portion of the payment that is applied to principal decreases. The portion of the payment that is applied in interest and the portion of the payment that is applied to principal remains the same throughout the life of the loan. The portion of the payment that is applied in interest declines, while the portion of the payment that is applied to principal also declines