You have just taken out an amortized loan for $404,000. Assume that the loan will be paid in 24 equal monthly installments of

$18,345.62 and that the first payment will be due 1 month from today. How much of your third monthly payment will go toward the repayment of principal? Fill in the worksheet below.

Month	Interest Owing at End of Month ($)	Principal Repayment ($)	Principal Owing at End of Month ($)
1
2
3