Business, 16.10.2019 20:10, rattler6125

A30-year mortgage has an interest rate of 4% per year compounded monthly. (this is called a 30-year, fixed-rate mortgage and is paid in 360 monthly the initial principal is $200,000. (a) what is the monthly payment? (b) how much interest is paid over the life of the mortgage?

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A30-year mortgage has an interest rate of 4% per year compounded monthly. (this is called a 30-year,...