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Intro You just took out a 15 -year traditional fixed-rate mortgage for $200,000 to buy a house. The interest rate is 7.2% (APR) and you

Intro You just took out a 15 -year traditional fixed-rate mortgage for $200,000 to buy a house. The interest rate is 7.2% (APR) and you have to make payments monthly. Part 1 Attempt 1/10 for 10 pts. What is your monthly payment? Part 2 Attempt 1/10 for 10 pts. How much of your first monthly payment goes towards paying down the outstanding balance (in \$)? How much of your 13th monthly payment goes towards paying down the outstanding balance (in \$)

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