Question: A fully amortizing mortgage loan is made for $ 1 1 7 , 0 0 0 at 6 percent interest for 3 0 years. Note:

A fully amortizing mortgage loan is made for $

117, 000

6

percent interest for

30

years. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar. How much total interest and principal that would be paid over the entire

30 -

year life of the mortgage if interest is paid: Monthly.QuarterlyAnnuallyWeekly Which payment pattern would have the greatest total amount of interest over the

30 -

year term of the loan?

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