On June 1, you borrowed $230,000 to buy a house. The mortgage rate is 8 percent. The loan is to be repaid in equal monthly payments over 20 years. The first payment is due on July 1. Assume that each month is equal to 1/12 of a year. How much of the second payment (on August 1) applies to the principal balance? $ How much of the second payment (on August 1) is interest? $ How much of the third payment (on September 1) applies to the principal balance? $