You take out a $200,000 mortgage for 30 years at 6%. What isyour monthly payment? Solve Below 200000 Fill out the ammortizationtable to answer the following questions. 30 What is the principleand interest on the 1st payment? 6% What is the principle andinterest on the 12th payment? How much interest will you pay overthe 30 years?

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To calculate the monthly payment for a 200000 mortgage with a 30year term and a 6 interest rate we c... View the full answer