ca/Lowodos 30-year Amortization "A mort"... to kill the debt + Same payment per month ... comes from P + 1... which means On each payment, the amount of P and I changes, but the total payment remains the same. $120,000 loan at 4% amortized over 30 years, beginning today. Do not include taxes, insurance or PMI in monthly payment. We are only looking at P + 1 in this exercise. Monthly P + 1 payment will always be $ for the life of the loan (30 years or until it is paid) After completing this chart, tell what two things you found most interesting about it. 1) 2) Date Payment Principal Interest Balance Total Interest First payment Paid $10k interest Paid off $10k Paid off $10k equal equal Half of 30 years Half paid off Half paid off Last payment lico martintion cohodu laulatan LAGA