##### Finance question need help

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 A 30-year, \$220,000 mortgage has a rate of 5.1 percent.

 1 What are the interest and principal portions in the first payment? (Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "\$" sign in your response.)

 Interest \$ Principal \$

 2 What are the interest and principal portions in the second payment? (Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "\$" sign in your response.)

 Interest \$ Principal \$
Aug 22nd, 2015

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Aug 22nd, 2015

 DATE PAYMENT PRINCIPAL INTEREST TOTAL INTEREST BALANCE Sept. 2015 \$1,194.49 \$259.49 \$935.00 \$935.00 \$219,740.51 Oct. 2015 \$1,194.49 \$260.59 \$933.90 \$1,868.90 \$219,479.92
As Mortgage payments are paid on monthly basis so the first payment

Interest                   \$ 935.00

Principal                 \$ 259.49

The Second payment

Interest                   \$ 933.90

Principal                 \$ 260.59

Aug 22nd, 2015

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Aug 22nd, 2015
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Aug 22nd, 2015
Oct 19th, 2017
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