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Leo borrows $300,000 mortgage to buy a house at the annual interest rate 6.25%. Leo needs to return the ammortized loan with the equal amount
Leo borrows $300,000 mortgage to buy a house at the annual interest rate 6.25%. Leo needs to return the ammortized loan with the equal amount of monthly payment. How much is the monthly payment?[A] At the end of the 13th month Leo wants to pay off the mortgage earlier. After Leo paid the 13th month annuity, how much principal Leo has to pay? [B] In which month, the proportion of the interest payment becomes less than 50%? [C] Please key in the procedure of the computation [D] Leo borrows $300,000 mortgage to buy a house at the annual interest rate 6.25%. Leo needs to return the ammortized loan with the equal amount of monthly payment. How much is the monthly payment?[A] At the end of the 13th month Leo wants to pay off the mortgage earlier. After Leo paid the 13th month annuity, how much principal Leo has to pay? [B] In which month, the proportion of the interest payment becomes less than 50%? [C] Please key in the procedure of the computation [D]
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