1. You borrow $400,000 for 30 years to purchase a house with an interest rate of 10.2 percent. How much is your second monthly payment? (Do not round intermediate calculations; round your final answer to 2 decimal places, e.g., 32.16. Do NOT include "$" in your answer.)

1. You borrow $400,000 for 30 years to purchase a house with an interest rate of 13.4 percent. How much of your second monthly payment is the principal payment? (Do not round intermediate calculations; round your final answer to 2 decimal places, e.g., 32.16. Do NOT include "$" in your answer.)

1. You borrow $400,000 for 30 years to purchase a house with an interest rate of 7.9 percent. What will your loan balance be after the first 15 years of payments? (Do not round intermediate calculations; round your final answer to 2decimal places, e.g., 32.16. Do NOT include "$" in your answer.)

1. 10 years ago, Cathrine took out a mortgage for $185,000 at 5.9 percent, compounded monthly, for 30 years. She has made all of the monthly payments as agreed. What is her current loan balance? (Do not round intermediate calculations; round your final answer to 2decimal places, e.g., 32.16. Do NOT include "$" in your answer.)

1. Ayra borrowed $10,000 for 8 years at an APR of 6.4 percent. The loan calls for equal monthly principal payments. Interest will also be paid annually. What will be her loan payment in the first month of Year 2? (Do not round intermediate calculations; round your final answer to 2decimal places, e.g., 32.16. Do NOT include "$" in your answer.)