To help buy her new townhome, Karen is taking out a $385,000 mortgage loan for 30 years at 4.6% annual interest. Her monthly payment for this loan is
$1973.68.
Fill in all the blanks in the amortization schedule for the loan. Assume that each month is
of a year. Round your answers to the nearest cent.
12
Payment
number
Interest
payment
Principal
payment
New loan
balance
X
1
$0
$
$
2
$
$
$384,002.39
205
$887.09
$1086.59
$230,328.92
206
$
$
$