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Suppose you are going to purchase a house. You negotiate a great deal and your bank agrees to lend you money for 30 years at

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Suppose you are going to purchase a house. You negotiate a great deal and your bank agrees to lend you money for 30 years at 4% APR (annual percentage rate). The house costs $300,000 and you pay 20% down and finance the rest. Compute (round it to 2 numbers after the decimal point) - do not include $ sign. No commas ons (1) Monthly payment: no commas - 2 decimala places. (2) The interest payment portion of 1st Monthly payment: 2 decimal places. 1 (3) The principal payment portion of the 1st Monthly payment: 2 decimal places (4) Balance after the 1st payment: -no commas and 2 decimal places

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