Mathematics, 14.12.2021 04:10 anahi8621

On March 1, the home mortgage balance was 136,000 for the home owned by Susan Wright. The interest rate for the loan is 8 percent. Assuming that Susan makes the March monthly mortgage payment of 1088, calculate the following: (a) The amount of interest included in the March payment (round your answer to the nearest cent). (b) The amount of the monthly mortgage payment that will be used to reduce the principal balance. (c) The new balance after Susan makes this monthly mortgage payment.

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On March 1, the home mortgage balance was 136,000 for the home owned by Susan Wright. The interest r...