Please help me figure out which values are which in this problem so I can study. You just acquired a mortgage in the amount of $149,500 at 9.00 percent interest, compounded monthly. Equal payments are to be made at the end of each month for thirty years. How much of the first loan payment is interest (in dollars)? How much will be principal?

To solve for the value you identified above, find the calculator value for each entry:

360, .75, $149,500, 0

^which ones are FV, N, I/YR, PV?

Also, what would the payment be then? (PMT = ?)