A vacation home has a mortgage of $120,000 for 15 years at an annual interest rate of 6%. a. Find the monthly mortgage payment. b. During a month when $384.8 of the monthly mortgage payment is principal, how much of the payment is interest?
A) a) $1012.63; b)$627.83
B) a) $1518.95; b)$1134.15
C) a) $2025.26; b)$1397.43
D) a) $1012.63; b)$941.75
E) a) $1518.95; b)$502.27
A) a) $1012.63; b)$627.83
Health & Biomechanics
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