Question
You borrow$250,000tobuyahome.Thetermsof theloan are asfollows:30-yearmortgageloanat arateof4.50percentwithmonthlypayments.Whatpercentageofyourfirstmonth'spaymentgoestowardinterest? A.74percent B.43percent C.58percent D.89percent E.67percent
You borrow$250,000tobuyahome.Thetermsof theloan are asfollows:30-yearmortgageloanat arateof4.50percentwithmonthlypayments.Whatpercentageofyourfirstmonth'spaymentgoestowardinterest?
A.74percent
B.43percent
C.58percent
D.89percent
E.67percent
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
