You want to buy a house that costs $$200,000$ and have saved up enough for the $10\%$ down payment.

You will be borrowing the rest from the bank at an annual rate of $9\%$ compounded s$.$a$.$ through a $25-$

year mortgage.

$$ How much will your monthly payments be$?$

$$ How much of the first monthly payment will go towards the principal?

$$ What will be the total cost of your house?