You just took out a $200,000 mortgage. you must make equal monthly payments over 30 years, and your interest rate is 6% apr. what is your monthly payment? how much of the first month’s payment is paying interest and how much is paying down the principal balance remaining on the loan?

The monthly payment will be $ 1,555.55 and of that amount, $ 555.55 will correspond to the principal payment and $ 1,000 to the interest payment.

Given that you just took out a $ 200,000 mortgage, and you must make equal monthly payments over 30 years, and your interest rate is 6% APR, to determine what is your monthly payment, and how much of the first month's payment is paying interest and how much is paying down the principal balance remaining on the loan, the following calculation must be performed:

Therefore, the monthly payment will be $ 1,555.55 and of that amount, $ 555.55 will correspond to the principal payment and $ 1,000 to the interest payment.

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  a)  $1199.10

  b)  interest: $1000.00

  c)  principal: $199.10

Step-by-step explanation:

a) The monthly payment can be found using a financial calculator or using the amortization formula:

  A = P(r/12)/(1 -(1+r/12)^(-12t))

for Principal P, annual interest rate r, and time t years.

Filling in the given values and doing the arithmetic yields ...

  A = $200,000(0.06/12)/(1 -(1+0.06/12)^(-12·30)) = 1000/(1 -1.005^-360)

  A ≈ $1199.10

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b) The first month's interest is the monthly interest rate times the initial loan balance:

  = (0.06/12)·(200,000) = 1000.00 . . . . dollars in interest

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c) The first month's payment to principal is the difference between the payment amount and the amount to interest:

  $1199.10 -1000 = $199.10 . . . . . first month's payment on principal

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step-by-step explanation: vsfdvsfvd

median is the value separating the higher half of a data sample, a population or probablity distribution from the lower half.

step-by-step explanation:

say you have 3,8,7,3,1,9,8 order them from lowest to highest

if orderd it would be 1,3,3,7,8,8,9 now you take away from the lowest and the highest until you end up in the middle.

so you would remove the 1 and 9 leaving you with 5 digits remaining

when you've reached the middle that would be your answer so in this case the answer is 7

if there were two numbers left say 7 and 5 you'd and them together so 12 then divide by 2 witch would equal 6 so the answer would be 6

good luck on that project hoped i you at all