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Question 13 (9 points) Melania takes out a $489,130 mortgage on a house in Bloomfield Hills. She makes monthly payments of $2,204.53 and is charged
Question 13 (9 points) Melania takes out a $489,130 mortgage on a house in Bloomfield Hills. She makes monthly payments of $2,204.53 and is charged an interest rate of 3.8% Compute the Amortization schedule for the first month of a mortgage. The interest in the first month is The payment on the principal in the first month is The balance at the end of the first month is
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