For the following$$ loan, make a table showing the amount of each monthly payment that goes toward principal and interest for the first three months of the loan.

A home mortgage of $$$$148$ comma $000$ with a fixed APR of $6\%$ for $30$ years.

Fill out the table for the first months interest, payment toward principle, and new principle payments

Answer rating: 100% (QA)

To calculate the monthly payment you can use the formula for an amortizing loan M Pr1rn1rn1 Where M ... View the full answer