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For a 30-year house mortgage of $225,000 at 4.5% interest, find the following. (Round your final answers to two decimal places.) (a) the amount of
For a 30-year house mortgage of $225,000 at 4.5% 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 241st month's payment (after 20 years) that goes toward payment of principal
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Marketing For Financial Advisors
Authors: Eric Bradlow, Keith Niedermeier, Patti Williams
1st Edition
