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The Joneses are interested in purchasing a house listed at $1800000 in Toronto. They are prepared to make a down payment of $400000. bank offers

The Joneses are interested in purchasing a house listed at $1800000 in Toronto. They are prepared to make a down payment of $400000. bank offers them an interest rate of 4.85% (APR) on a 30 year mortgage loan to finance the purchase of the house. a. What is the monthly payment of their mortgage loar? b. How much is the total interest rate? c. How much is the interest portion of the 25 th payment

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