Jan sold her house on December 31 and took a $30,000 mortgage as part of the payment. The 10-year mortgage has a 6% nominal interest rate, but it calls for semiannual payments beginning next June 30. Next year Jan must report on Schedule B of her IRS Form 1040 the amount of interest that was included in the two payments she received during the year. (Please show the excel function to find this)

1) How would I find the dollar amount of each payment Jan received?

2) How much interest was included in the first payment?

3) How much repayment of principal was included?