Marcel Thiessen purchased a home for $206,200 and obtained a 15-year, fixed-rate mortgage at 7% after paying
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Marcel Thiessen purchased a home for $206,200 and obtained a 15-year, fixed-rate mortgage at 7% after paying a down payment of 10%. Of the first month's mortgage payment, how much is interest and how much is applied to the principal? (Round your answer to the nearest cent.)
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
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