Narrative 14-1
for Problems in This Section, Use Table 14-1 $3 \frac { 3 } { 4 } \%$

Narrative 14-1
For problems in this section, use Table 14-1 from your text to find the monthly mortgage payments, when necessary.
-Refer to Narrative in your text 14-1. Prepare an amortization schedule for the first 2 payments of a $97,000 mortgage at $3 \frac { 3 } { 4 } \%$ for 20 years. Find the loan balance after 2 payments.

A) $96,696.87
B) $96,727.92
C) $96,454.98
D) $96,849.50