Question: Ann obtains a fully amortizing 15 year Fixed Rate Mortgage with monthly payments for $1,250,000 at 4.38%. How much does Ann need to pay per

Ann obtains a fully amortizing 15 year Fixed Rate Mortgage with monthly payments for $1,250,000 at 4.38%. How much does Ann need to pay per month? Ann is willing to spend $1,500 per month on her mortgage payment. If Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments at 4.38%, how big of a mortgage can she get? Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $1,250,000 at 4.38%. What will be Ann's mortgage balance after 20 years of payments (ie after 240 months)? Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $1,250,000 at 4.38%. What percent of Ann's 20th payment goes to interest
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