Determine how much of the total loan payment

timer Asked: Jun 3rd, 2013

Question description

determine how much of the total loan payment applies toward pricipal and how much applies towards the mortgage of $177,750 with a fixed APR of 6% for 25 years.

a) 177,750 pays off the pricipal and $185,721.65 repsents interest payments

b) 177,750 pays off the pricipal and $185,643.40 repsents interest payments

c) 177,750 pays off the pricipal and $185,839.00 repsents interest payments

d)177,750 pays off the pricipal and $185,587.50 repsents interest payments

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