You are considering buying a new home. The purchase price is

$170,000

and you plan on using a 30-year mortgage obtained from\ jour local bank. You will make a down payment of 10 percent of the purchase price. The mortgage rate offered to you is 7.75 percent.\ Calculate your monthly payments on this mortgage.\ Calculate the amount of interest and, separately, principal paid in the 30th payment.\ Calculate the amount of interest and, separately, principal paid in the 175th payment.\ Calculate the amount of interest paid over the life of this mortgage.

You are considering buying a new home. The purchase price is $170,000 and you plan on using a 30 -year mortgage obtained from jour local bank. You will make a down payment of 10 percent of the purchase price. The mortgage rate offered to you is 7.75 percent. Calculate your monthly payments on this mortgage. Calculate the amount of interest and, separately, principal paid in the 30th payment. . Calculate the amount of interest and, separately, principal paid in the 175th payment. Calculate the amount of interest paid over the life of this mortgage. You are considering buying a new home. The purchase price is $170,000 and you plan on using a 30 -year mortgage obtained from jour local bank. You will make a down payment of 10 percent of the purchase price. The mortgage rate offered to you is 7.75 percent. Calculate your monthly payments on this mortgage. Calculate the amount of interest and, separately, principal paid in the 30th payment. . Calculate the amount of interest and, separately, principal paid in the 175th payment. Calculate the amount of interest paid over the life of this mortgage