What is the Interest?

What is the Payment on Principal?

What is the Balance of Loan?

Question 1 of 4 (1 point) View problem in a pop-up Prepare an amortization schedule 1 (practice) A house sells for $560,000 and a 9% down payment is made. A mortgage is secured at 6% for 25 years. Compute an amortization schedule for the first 3 months. Round your answers to two decimal places, if necessary. The value of the mortgage is $509,600 and the monthly payment is $3,281.82. Part 1 out of 3 Payment number Interest Payment on Principal Balance of Loan