$269,900 House

AIR (annual interest rate)-4.8%

Down Payment- $53,980

30 year mortgage

Payment||||||||| Balance Before|||||||||||| Payment|||||||||||||Interest Payment|||||||||||||||||Principal Pay

1 ||||||||||||||$215,920 |||||||||||||| $1,132.86 |||||||||||| $863.68 ||||||||||||||||||||| $269.18

2 |||||||||||||||$215650.82 |||||||||||" " |||||||||||||||||$862.60 |||||||||||||||||| $270.26

To find:

Interest Payment I=P(i)

Principal Payment Payment-Interest Payment

I copied these notes from a friend, but I do not know how to get the payment number ($1,132,.86) I was told to multiply the

mortgage by the interest to get it, but I did not recieve the correct answer