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PLEASE ANSWER BOTH QUESTIONS!!! #1: You have paid 20,000 on a 180,000 home and will get a mortgage for the balance. What are the payments
PLEASE ANSWER BOTH QUESTIONS!!!
#1: You have paid 20,000 on a 180,000 home and will get a mortgage for the balance. What are the payments for this mortgage if the annual interest rate is 6.8% paid monthly over 30 years?
#2: For the mortgage described above, find the payment going towards the principal and the payment going towards the interest for the 1st payment, the 20th payment, the 100th payment and the 300th payment.. 1st: 20th: 100th: 300th: show work
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