Determine the monthly payments on a $150,000 mortgage (loan) at 6.00% (annual interest) compounded (paid) monthly for 30 years. ($899.32). What is total interest paid over the 30 years? (Total payments less initial present value) How much is paid against the principle in the first month? (first monthly payment made (above) less interest for first month (0.50% of principle)) WITHOUT USING EXCEL

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Let x be the monthly payment x 11 006123600... View the full answer