You just took out a 15 -year traditional fixed-rate mortgage for $500,000 to buy a house. The interest rate is 10.8% (APR) and you have to make payments monthly. Part 1 Attempt 1/10 for 10 pts. What is your monthly payment? Attempt 1/10 for 10pts. How much of your first monthly payment goes towards paying down the outstanding balance (in \$)? How much of your 13th monthly payment goes towards paying down the outstanding balance (in \$)