A House Has A $\$ 142,000.00$ Mortgage At $6.5 \%$

A house has a $\$ 142,000.00$ mortgage at $6.5 \%$ . The monthly payments are $\$ 897.44$ . Compute an amortization schedule for the first three months.
$\begin{array}{l|ll}\text { Payment } & \\\text { Number } & \text { Interest } \text { Payment on Principle Balance of Loan } \\\hline 1 & & \\2 & & \\3 & &\end{array}$

A)
$\begin{array}{l|rrr}\begin{array}{c}\text { Payment } \\\text { Number }\end{array} & \text { Interest } & \text { Payment on Principle } & \text { Balance of Loan } \\\hline 1 & \$ 769.17 & \$ 128.27 & \$ 141,102.56 \\2 & \$ 764.31 & \$ 133.13 & \$ 140,205.12 \\3 & \$ 759.44 & \$ 138.00 & \$ 139,307.68\end{array}$

B)
$\begin{array}{l|lrr}\begin{array}{l}\text { Payment } \\\text { Number }\end{array} & \text { Interest } & \text { Payment on Principle } & \text { Balance of Loan } \\\hline 1 & \$ 769.17 & \$ 128.27 & \$ 141,871.73 \\2 & \$ 768.47 & \$ 128.97 & \$ 141,742.76 \\3 & \$ 767.77 & \$ 129.67 & \$ 141,613.09\end{array}$


C)
$\begin{array}{l|lrr}\begin{array}{l}\text { Payment } \\\text { Number }\end{array} & \text { Interest } & \text { Payment on Principle } & \text { Balance of Loan } \\\hline 1 & \$ 771.32 & \$ 126.12 & \$ 141,873.88 \\2 & \$ 770.60 & \$ 126.84 & \$ 141,744.89 \\3 & \$ 769.88 & \$ 127.56 & \$ 141,615.20\end{array}$

D)
$\begin{array}{l|lrr}\begin{array}{l}\text { Payment } \\\text { Number }\end{array} & \text { Interest } & \text { Payment on Principle } & \text { Balance of Loan } \\\hline 1 & \$ 769.17 & \$ 128.27 & \$ 141,102.56 \\2 & \$ 768.47 & \$ 128.97 & \$ 140,974.29 \\3 & \$ 767.77 & \$ 129.67 & \$ 140,845.32\end{array}$