Calculate the monthly payment of the following mortgages:
1) Mortgage Amount: $146,800.00
APR...
Mathematics, 12.04.2021 18:20, thulani2
Calculate the monthly payment of the following mortgages:
1) Mortgage Amount: $146,800.00
APR: 5.25 percent
Term: 30 years
a. Calculate the monthly payment: $
b. Calculate the total interest paid: $
2) Mortgage Amount: $113,400.00
APR: 5 percent
Term: 15 years
a. Calculate the monthly payment: $
b. Calculate the total interest paid: $
Answers: 1
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