Question: Delta Electronics issues a $720,000, 6%, 16-year mortgage note on January 1, 2020. Terms provide for annual installment payments of $70,108, exclusive of taxes

Delta Electronics issues a $720,000, 6%, 16-year mortgage note on January 1, 2020. Terms provide for annual installment payments of $70,108, exclusive of taxes and insurance. How much interest and how much principal will Delta pay in the first year? $50,400 interest, $19,708 principal $44,640 interest, $25,468 principal $4,206 interest, $65.902 principal $43,200 interest, $26,908 principal Save for Later Submit Answer

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