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The amortization table shows the first 6 monthly payments of a mortgage. Payment Monthly Interest Principal Outstanding numbers payment paid paid balance 0 $150 000.00

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The amortization table shows the first 6 monthly payments of a mortgage. Payment Monthly Interest Principal Outstanding numbers payment paid paid balance 0 $150 000.00 1 $959.71 $740.79 $218.92 $149 781.08 2 $969.71 S739.71 $220.00 $149 581.00 3 $959.71 $738.63 $221.08 $149 340.00 4 $959.71 $737.53 $222.18 $149 117 B2 5 $959.71 $736.44 $223.27 $148 894.56 $959.71 $735.33 $224.38 $148 870.17 a) What is the principal borrowed? b) What is the monthly payment? c) How much of the 4th payment is interest? d) What is the outstanding balance after the 3rd payment? e) What is the total interest paid in the first 6 payments

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