How much will be interest and how much principle for the first month if one has a fully amortizing mortgage loan made for 80,000 at 9% for 25 years, and the first month what is the beacon of interest in principle payment between 671.33 per month?
For an $80,000 mortg. at 9% for 25 years, the payment is $643.70 total. $43.70=Principle, $600=interest.
Answered by Alicia C. -
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