You have just purchased a home and taken out a $500,000 mortgage. The mortgage has a 30-year term with annual payments a

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answerhappygod
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You have just purchased a home and taken out a $500,000 mortgage. The mortgage has a 30-year term with annual payments a

Post by answerhappygod »

You have just purchased a home and taken out a $500,000
mortgage. The mortgage has a 30-year term
with annual payments and an APR of 6%. How
much will you pay in interest, and how much will you pay in
principal during the first year?
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