Solution-How much of the payment goes toward principal

How much of the payment goes toward principal

Reference no: EM13509015

Compute the required monthly payment on a $80,000 30-year, fixed-rate mortgage with a nominal interest rate of 5.80%. How much of the payment goes toward principal and interest during the first year?

Reference no: EM13509015

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How much of the payment goes toward principal : Compute the required monthly payment on a $80,000 30-year, fixed-rate mortgage with a nominal interest rate of 5.80%. How much of the payment goes toward principal and interest during the first year?

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How much of the payment goes toward principal

Reference no: EM13509015

Reference no: EM13509015

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