Question
For a 30-year house mortgage of $125,000 at 5.5% interest, find the following. (Round your final answers to two decimal places.) (a) the amount of
For a 30-year house mortgage of $125,000 at 5.5% interest, find the following. (Round your final answers to two decimal places.)
(a) the amount of the first monthly payment that goes to repay principal $ .....................
(b) the amount of the 121st month's payment (after 10 years) that goes toward payment of principal $ ...................
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Global Corporate Finance A Focused Approach
Authors: Suk Hi Kim, Kenneth A Kim
2nd Edition
9814618004, 9789814618007
