LOAN AMORTIZATION Jan sold her house on December 31 and took a $50,000 mortgage as part of the payment. The 10-year mortgage has a 11% 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 induded in the two payments she received during the year 3. What is the dollar amount of each payment Jan receives? Round your answer to the nearest cent. b. How much interest was induded in the first payment 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 payment? L. The portion of the payment that is applied to interestedines, while the portion of the payment that is applied to principal increases 11. The portion of the payment that is plied to interest incases, while the portion of the payment that is applied to principal decreases II. The portion of the payment that is plied to interest and the portion of the payment that is applied to principal remain the same throughout the life of the loan TV. The portion of the payment that is applied to interest dednes, while the portion of the payment that is applied to principal also dedines, V. The portion of the payment that is led to interese s, while the portion of the payment that w e to pro c reases . How much interest must san report on Schedde for the first year Round your answer to the nearest cent