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PLEASE ANSWER ASAP A mortgage contains the following penalty clause, Any prepaid principal shall be subject to a penalty equal to 3 times one month's
PLEASE ANSWER ASAP 
A mortgage contains the following penalty clause, "Any prepaid principal shall be subject to a penalty equal to 3 times one month's interest on the prepaid principal." If an additional payment of $25,000.00 is made on a mortgage with monthly payments, determine the part of the payment that goes to principal. N.R. - 6% c.m Step by Step Solution
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
