Question: You have 4 2 5 , 0 0 0 , zero - points, 1 5 - year, annual payment mortgage, at a 6 . 6

You have 4
2
5
,
0
0
0
,
zero
-
points,
1
5
-
year, annual payment mortgage, at a
6
.
6
0
%
interest rate. except with Monthly Payments instead of annual payments. What is the amount of monthly interest paid on the
3
0
th Monthly payment on this mortgage? What is theprincipal reduction in the mortgage loan balance on the
2
0
th Monthly payment on this mortgage? Could you do it in excel

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