You are buying a $330,000 house. You will make the standard 20% down payment, and will finance the rest for 30 years.
Posted: Sat Feb 26, 2022 9:05 am
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%
a. 31% b. 90% c. 83% d. 3.06% e. 69%