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Suppose you take out a $ 2 0 7 , 5 0 0 mortgage for 3 0 years at 4 . 8 5 % interest.

Suppose you take out a $207,500 mortgage for 30 years at 4.85% interest.
(a) Find the monthly payment on this mortgage.
(b) Fill out the first two rows of the amortization schedule below. Round your answers to the nearest dollar.
\table[[Payment Number,Interest Payment,Principal Payment,Balance of Loan],[1,$,$,$
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