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A 10-year mortgage loan of $90,000 repayable in monthly installments is 4 points taken at j12-12%. How much principal is paid in the first
A 10-year mortgage loan of $90,000 repayable in monthly installments is 4 points taken at j12-12%. How much principal is paid in the first year. How much Interest is paid in the first year (12 payments) * Principal repaid in 12 payments Interest paid in 12 payments $5513 $94487 $10533 $11703 $ 4961 $1291
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