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( 4 pts ) Becky takes out a 3 0 - year mortgage for which her monthly payment is $ 1 4 0 0 .
pts Becky takes out a year mortgage for which her monthly payment is $ During the early years of the mortgage, most of each payment is for interest and the rather small remainder is for principal. As time goes on the portion of each payment that goes to Interest decreases while the portion for principal increases, as shown in the following graph:
a At the beginning of the loan, approximately how much of the $ monthly payment goes toward principal?
proximately how much of the $ monthly payment goes for interest in year
Wat year will the monthly payment be equally divided between interest and principal?
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