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You have just negotiated a home mortgage with a principal of $450,000. The bank's quoted rates 4 You chose a 30 year amortization and you

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You have just negotiated a home mortgage with a principal of $450,000. The bank's quoted rates 4 You chose a 30 year amortization and you decide to make 12 payments per year Each mortgage payment is 52 130 83. How much interest do you pay in the test year? Express your answer as a percentage of the total value of your mortgage payments in the first year The interest as a percentage of the total payments in yeartis % (Round to four decimal places as needed

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