Question: 4 - J . D . Homeowner has just bought a house with a 2 0 - year, 9 % , $ 7 0 ,

4- J. D. Homeowner has just bought a house with a 20-year, 9%,$70,000 mortgage on which he is paying $629.81 per month.
8 a. If J. D. sells the house after 10 years,
8
a. If J. D. sells the house after 10 years, how much must he pay the bank to completely pay off the mortgage at the time of the 120th payment?
b. How much of the first $629.81 payment on the loan is interest?
4 - J . D . Homeowner has just bought a house

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