Marcel Thiessen purchased a home for $206,400 and obtained a 15-year, fixed-rate mortgage at 9% after paying a down payment of 10%. Of the first month's mortgage payment, how much is interest and how...


Marcel Thiessen purchased a home for $206,400 and obtained a 15-year, fixed-rate mortgage at 9% after paying a down payment of 10%. Of the first month's mortgage payment, how much is interest and how much is applied to the principal? (Round your answer to the<br>nearest cent.)<br>interest<br>$ 153,378<br>applied to the principal<br>339,138<br>

Extracted text: Marcel Thiessen purchased a home for $206,400 and obtained a 15-year, fixed-rate mortgage at 9% after paying a down payment of 10%. Of the first month's mortgage payment, how much is interest and how much is applied to the principal? (Round your answer to the nearest cent.) interest $ 153,378 applied to the principal 339,138

Jun 07, 2022
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