Consider a 30 year, $150,000 fixed-rate, monthly payment mortgage with a 3.60% contract rate. If all payments are made precisely as scheduled, during years 6 through 17, what is the: 1) total amount of interest charges incurred, and 2) total amount of principal repaid

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Okay here are the steps to solve this problem 1 Given Mortgage principal 150000 Term 30 years ... View the full answer