You have just purchased a home and taken out a $500,000 mortgage. The mortgage has a 30-year term with annual payments a
Posted: Wed Mar 16, 2022 9:11 am
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?
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?