Consider a home mortgage of 200 000 at a fixed APR of 6 for

Last updated: 3/4/2023

Consider a home mortgage of 200 000 at a fixed APR of 6 for 25 years a Calculate the monthly payment b Determine the total amount paid over the term of the loan c Of the total amount paid what percentage is paid toward the principal and what percentage is paid for interest a The monthly payment is Do not round until the final answer Then round to the nearest cent as needed b The total amount paid over the term of the loan is Round to the nearest cent as needed c Of the total amount paid is paid toward the principal and is paid for interest Round to one decimal place as needed