Question: 21. please can i get help with this question? i don't understand it. thank you! please help with 21 and 22. thank you very much!
Question 21 1 pts 6 years ago you borrowed $200,000 to buy a house. The interest rate quoted to you was 4.9 percent for 30 years with monthly payments. Assuming you have made only regular monthly payments up to now, the amount (in $) you still owe on the loan today is: Answer to two decimals. Question 22 1 pts Suppose you are making payments on a fixed rate mortgage. Which of the following is correct about payments early in the life of the mortgage? You have a choice on how they are divided between principal and interest They are mostly interest They are mostly principal
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