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4. A fully amortizing loan is made for $450,000 over 30 years at 9%. What is the payment on the loan? How much do you

4. A fully amortizing loan is made for $450,000 over 30 years at 9%. What is the payment on the loan? How much do you pay in interest during the first month? How much do you pay in principal during the first month?
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4. A fully amortizing loan is made for $450,000 over 30 years at 9%. What is the payment on the loan? How much do you pay in interest during the first month? How much do you pay in principal during the first month

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