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Luke has a 30-year home mortgage. He borrowed $213,000 at a rate of 3.35% (fixed). How much of his first monthly mortgage payment will go
Luke has a 30-year home mortgage. He borrowed $213,000 at a rate of 3.35% (fixed). How much of his first monthly mortgage payment will go towards principal (as opposed to interest)? $344.09$938.72$594.63$4,228.97 Question 10 0.5pts Ashley borrows $131,500 for a home mortgage. The mortgage is for 16 years at 3.78% interest. If Ashley makes an extra principal payment of $60 per month, how much will she pay in total interest over the life of the loan? $414.23 $43,950.56 $171,543.44 $40,043.44
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