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10. (14 points) You take out a 30-year mortgage of $139,000 at 3.7% interest compounded monthly. Round all answers to two decimal places. Box your
10. (14 points) You take out a 30-year mortgage of $139,000 at 3.7% interest compounded monthly. Round all answers to two decimal places. Box your answers. (a) How much is your monthly payment? (b) At the end of 1 month, (i) what portion of your first payment goes to interest? (ii) what portion of your first payment goes to principal? (iii) what is your remaining balance after one payment? (b) What is the remaining balance after 17 years
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