A 15-year 150000 mortgage has a rate of 6 percenta what are, Ask an Expert

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A 15-year, $150,000 mortgage has a rate of 6 percent.

a. What are the interest and principal portions in the first payment? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Interest:

Principal:

b. What are the interest and principal portions in the second payment? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Interest:

Principal:

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93052737

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