You took out a fully amortizing 30 year fixed rate $300,000.00 mortgage with 6% contract interest rate. Afer you completod two full yoars of paymenta, how much have you paid toward principal? A borrower takes out an interest-only loan at 6W for $500,000 with a 10 yoar term. What is the monthly payment on this loan? (Stale your answer as a posibve number, rounded to two decimal places.)