Question $4$

Consider a $$100,000,30-$year, $6\mathrm{.}2\%$ mortgage with monthly

payments. What portion of the payments during the first $34$

months goes toward interest?

$87\mathrm{.}13\%$

$81\mathrm{.}28\%$

$82\mathrm{.}95\%$

$85\mathrm{.}01\%$

$88\mathrm{.}02\%$