You are buying a $330,000 house. You will make the standard 20% down payment, and will finance the rest for 30 years.

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answerhappygod
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You are buying a $330,000 house. You will make the standard 20% down payment, and will finance the rest for 30 years.

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You are buying a $330,000 house. You will make the standard 20% down payment, and will finance the rest for 30 years. Your interest rate is 4%. What percentage of your first 13 payments will go just to pay interest on the loan?
a. 31% b. 90% c. 83% d. 3.06% e. 69%
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