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On November 1 , the home mortgage balance was $ 2 7 0 , 0 0 0 for the home owned by Scott Morris. The

On November 1, the home mortgage balance was $270,000 for the home owned by Scott Morris. The interest rate for the loan is 9 percent.
Assuming that Scott makes the November monthly mortgage payment of $2700, calculate the following:
(a) The amount of interest included in the November payment (round your answer to the nearest cent).
(b) The amount of the monthly mortgage payment that will be used to reduce the principal balance.
(c) The new balance after Scott makes this monthly mortgage payment.
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