Please answer each of the following questions:

On June 1, you borrowed $220000 to buy a house. The mortgage rate is 8.25%. The loan is to be repaid in equal monthly payment over 15 years. The first payment is due on July 1.

a) How much of the second payment applies to the principal balance?

b) How much of the second payment applies to the interest?

c) How much of the first payment applies to the principal balance

(Assume that each month is equal to 1/12 of a year)