You take out a $200,000 mortgage for 20 years at 6%. a. What is your monthly payment?

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You take out a $200,000 mortgage for 20 years at 6%.

a. What is your monthly payment?

b. What is the principle and interest on the first payment?

c. What is the principle and interest on the twelfth payment?

d. How much interest will you pay over the 20 years?

Posted Date: Nov 24, 2021 04:23 AM

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You take out a $200,000 mortgage for 20 years at 6%. a. What is your monthly payment?

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Loan amount 200000 Interest 6 Years 20 Month Loan Payment Interes... View the full answer

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