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Q) Suppose you decide to take out the $1 million 30-year fixed rate mortgage at 4%. a) How much money will you pay in interest

Q) Suppose you decide to take out the $1 million 30-year fixed rate mortgage at 4%.

a) How much money will you pay in interest in the first month (units: dollars)?

b) How much principle will you still have left to pay off after making your first 15 years worth of payments (units: thousands of dollars)?

c) How much money money will you pay in interest in the 181st payment (units: dollars)?

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