The cost of a home is financed with a $160,000 30- year fixed-rate-mortgage at 4.2%. The monthly payment for the loan is $782. For the first payment, what is interest payment and the balance of the...

The cost of a home is financed with a $160,000 30-<br>year fixed-rate-mortgage at 4.2%. The monthly<br>payment for the loan is $782. For the first payment,<br>what is interest payment and the balance of the loan?<br>$560, $159,778<br>$222, $159,440<br>$560, $159,218<br>$222, $159,218<br>

Extracted text: The cost of a home is financed with a $160,000 30- year fixed-rate-mortgage at 4.2%. The monthly payment for the loan is $782. For the first payment, what is interest payment and the balance of the loan? $560, $159,778 $222, $159,440 $560, $159,218 $222, $159,218

Jun 04, 2022

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The cost of a home is financed with a $160,000 30- year fixed-rate-mortgage at 4.2%. The monthly payment for the loan is $782. For the first payment, what is interest payment and the balance of the...

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