You have just taken out a $180,000, 30- year mortgage on a home. The nominal interest rate is 4.0%, and the loan requires monthly payments.

a.	How much principal and interest will be paid in the 12th payment? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

Principal	$
Interest	$

b.	How much principal and interest will be paid in the 12th year? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

Principal	$
Interest	$

c.	What is your loan balance after making the 12th payment? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

Balance

$

d.	What is your loan balance after the 1st year? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

Balance

$