Question: [ 5 points ] A family has a $ 2 0 0 , 0 0 0 mortgage on a 3 0 - year term at

[5 points] A family has a $200,000 mortgage on a 30-year term at 6.1% compounded monthly.
a. How much interest is payed in the first monthly payment? 200(1+0.0611)120.061
=24.828,-2
b. What is the total interest payed during the 30 years of the loan?
[ 5 points ] A family has a $ 2 0 0 , 0 0 0

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