Question: Ann gets a fully amortizing 30-year fixed rate mortgage with monthly payments. The initial balance is $100,000. The interest rate is 4%, compounded monthly. What

Ann gets a fully amortizing 30-year fixed rate mortgage with monthly payments. The initial balance is $100,000. The interest rate is 4%, compounded monthly. What will be Ann's loan balance after her 240th payment (if Ann makes exactly the required monthly payment for 20 years) 1 points Save Answer QUESTION 12 Using your answer from Q11, what fraction of the 241st payment will go to principal (in percent)

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