4. The amortization table shows the first 6 monthly payments of a mortgage. Interest Principal Outstanding paid Payment Monthly numbers payment paid balance $150 000.00 1 $959.71 $740.79 $218.92 $149 781.08 $959.71 S739.71 $220.00 $149 561.08 3 $959.71 $738.63 $221.08 $149 340.00 4 $959.71 $737.53 $222.18 $149 117.82 $959.71 $736.44 $223.27 $148 894.55 $959.71 $735.33 $224.38 $148 670.17 a) What is the principal borrowed? b) What is the monthly payment? c) How much of the 4th payment is interest? d) What is the outstanding balance after the 3rd payment? e) What is the total interest paid in the first 6 payments?

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