Show all work and write sentence answers where appropriate.

$1.)$ John and Tammy are buying a house for $$330,000$ and have taken out a $30-$year

mortgage at $3\mathrm{.}75\%$ interest per year. If they decide to put $20\%$ down find the

following

a$.)$ Find the monthly payment.

b$.)$ Complete the following amortization table

Month Outstanding

Principle

Payment of

Principle

Interest

Payment

Monthly

Payment

$0$

$1$

$2$

$3$

$178$

$179$

$180$