Question: Using the mortgage and rounded payment from the previous question answer the following: How much interest did you pay in the second year? What percent

Using the mortgage and rounded payment from the previous question answer

Using the mortgage and rounded payment from the previous question answer the following: How much interest did you pay in the second year? What percent of your mortgage will you have repaid in 5 years? If the interest rate remains the same for the entire mortgage what will be the size of your final payment? Using the mortgage and rounded payment from the previous question answer the following: How much interest did you pay in the second year? What percent of your mortgage will you have repaid in 5 years? If the interest rate remains the same for the entire mortgage what will be the size of your final payment

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