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A company takes out an eight-year, $630,000 mortgage on September 1. The interest rate on...

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A company takes out an eight-year, $630,000 mortgage on September 1. The interest rate on the mortgage is 5% per year, and blended payments of $7,976 (including both interest and principal) are to be made at the end of each month. The following is an extract from the mortgage amortization table: Determine the missing amounts. (Round answers to 0 decimal places, e.g. 125.) Beginning Mortgage Balance Ending Mortgage Balance Payment Interest Principal Payment1 Payment 2 Payment 3 Payment 4 $630,000 $2,625 $5,351 624,649 7,976 7,976 7,976 619,276 2,580 5,396 613,880 2,558 5,418 608,462

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