Problem: Please answer the following questions regarding a $300,000 Mortgage Loan with monthly amortization over 30 years and an annual interest rate of 6%. What is the loan payment for a (30 year loan (360 monthly payments) of $300,000 at 6%?

Question	Answer
What is the monthly payment amount?	Loan Monthly Payment:
How much interest and how much is principle on the first payment?	Interest: Principle:
How much interest and how much is principle on the second payment?	Interest: Principle:
If after the second payment an addition $10,000 was paid on principle. How much would the interest be on the third payment?	Interest: