What are interest and principal portions in first payment

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A 30-year, $230,000 mortgage has a rate of 5.2 percent. 1. What are the interest and principal portions in the first payment? (Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "$" 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 $_?

Reference no: EM131044638

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