Use this table to find the monthly mortgage payments, when necessary. Prepare an amortization schedule for Betty after the first payment of a $43,000 mortgage at 9 1/2 % for 30 years. Find the loan balance after the first payment.

$42,935.86

$42,961.96

$42,978.79

$42,990.74

Monthly Payments (Necessary to amortize a loan of $1,000 )