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Help with finance exercises You just took out a 15-year traditional fixed-rate mortgage for $600,000 to buy a house. The interest rate is 9.6% (APR)

Help with finance exercises
You just took out a 15-year traditional fixed-rate mortgage for $600,000 to buy a house. The interest rate is 9.6% (APR) and you have to make payments monthly. Attempt 1/3 for 10 pts. What is your monthly payment? Attempt 1/3 for 10 pts. How much of your first monthly payment goes towards paying down the outstanding balance (in \$)? How much is the outstanding balance (in \$) after the first monthly payment

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