Question
A 15-year, $165,000 mortgage has a rate of 5.55 percent. 1. What are the interest and principal portions in the first payment? (Do not round
| A 15-year, $165,000 mortgage has a rate of 5.55 percent. |
| 1. | What are the interest and principal portions in the first payment? (Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "$" sign in your response.) |
| Interest | $ |
| Principal | $ |
| 2. | What are the interest and principal portions in the second payment? (Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "$" sign in your response.) |
| Interest | $ |
| Principal | $ |
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Portfolio Performance Measurement And Benchmarking
Authors: Jon Christopherson, David Carino, Wayne Ferson
1st Edition
0071496653, 978-0071496650
