On October 1, the home mortgage balance was for the home owned by Patricia Griffin. The interest rate for the loan is percent. Assuming that Patricia makes the October monthly mortgage payment of , calculate the following: (a) The amount of interest included in the October payment (round your answer to the nearest cent). (b) The amount of the monthly mortgage payment that will be used to reduce the principal balance. (c) The new balance after Patricia makes this monthly mortgage payment.
