Question:

# Consider a home mortgage of 200,000 at a fixed APR of 4.5%

Last updated: 7/4/2022

Consider a home mortgage of 200,000 at a fixed APR of 4.5% 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 $ B. The total amount paid over the term of the loan is $ C. of the total amount paid is paid toward the principal and is paid for interest