Question
Marcel Thiessen purchased a home for $208,200 and obtained a 15-year, fixed-rate mortgage at 9% after paying a down payment of 10%. Of the first
Marcel Thiessen purchased a home for $208,200 and obtained a 15-year, fixed-rate mortgage at 9% after paying a down payment of 10%. Of the first month's mortgage payment, how much is interest and how much is applied to the principal? (Round your answer to the nearest cent.)
| interest | $ |
| applied to the principal | $ |
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Financial Trading And Investing
Authors: John Teall
3rd Edition
0323909558, 978-0323909556
