If the Keeners accepted the $8,000 mortgage payment, what would be the interest

and principal payment on the first payment? On the second payment?

If the Keeners paid $1.5 million for their home and the housing market experienc
ed a 30% drop, what is their home worth now? At what percent drop would they bre
ak even (their mortgage balance of $1.1 million would equal the market value of
the home)?