Question
A 30-year, $230,000 mortgage has a rate of 5.2 percent. 1. What are the interest and principal portions in the first payment? (Do not round
A 30-year, $230,000 mortgage has a rate of 5.2 percent. 1. What are the interest and principal portions in the first payment? (Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "$" 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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Handbook Of Income Distribution Volume 2B
Authors: Anthony B. Atkinson, Francois Bourguignon
1st Edition
0444594299, 978-0444594297
