Would someone please be able to help and show me where I may have a wrong answer

Question

Would someone please be able to help and show me where I may have a wrong answer?

The cost of a home is financed with a $140, 000 40-year fixed-rate mortgage at 5%. a. Find the monthly payments and the total interest for the loan. b. Prepare a loan amortization schedule for the first three months of the mortgage. a. The monthly payment is $ 675.08 (Do not round until the final answer. Then round to the nearest cent as needed.) The total interest for the loan is $ 112.996 8 (Use the answer from to find this answer. Round to the nearest cent as needed.) b. Fill out the loan amortization schedule for the first three months of the mortgage below. (Use the answer from to find these answers. Round to the nearest cent as needed.)

Explanation / Answer

b)Total interest paid = Total payment made -Principal amount

                             = (675.08 *40 years * 12months ) - 140000

                               = 324038.4 - 140000

                                =184,038.40

**Part a and part b is completely correct .Only part B was wrong .

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