Midtown Medical Supply has a warehouse with a 15-year mortgage of $120,000 at an annual interest rate of 6%. a. Find the monthly mortgage payment. b. During a month in which $300 of the monthly mortgage payment is principal, how much of the payment is interest?

A) a. $972.63
b. $962.63
B) a. $1112.63
b. $662.63
C) a. $1012.63
b. $712.63
D) a. $1158.63
b. $768.63
E) a. $1172.63
b. $735.63


C) a. $1012.63
b. $712.63

Health & Biomechanics

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