The interest and principal portions in second payment

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Reference no: EM131623916

A 15-year, $165,000 mortgage has a rate of 5.55 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: EM131623916

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