Nalu and Kamaile take-out a mortgage in the amount of $585,000 to purchase an apartment as their principal place of residence. They are able to obtain a 30-year mortgage at a fixed rate of 6%. Below, you will be asked for the amount of their monthly payment and for a aggregated amount of interest that they paid.

What is the value of that factor?

What is their monthly payment?

What is there deduction for interest for this mortgage annuity in the year that it was issued?