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You have a 30 year mortgage loan for$119,500 at an annual interest rate of 8.25%. For which monthly payment does the amount of principal paid first exceed the amount of interest…

You have a 30 year mortgage loan for$119,500 at an annual interest rate of 8.25%. For which monthly payment does the amount of principal paid first exceed the amount of interest…
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4 votes
You have a 30 year mortgage loan for$119,500 at an annual interest rate of 8.25%. For which monthly payment does the amount of principal paid first exceed the amount of interest paid?

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User Gavinb
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7.7k points

1 Answer

4 votes

the answer is $907 and i hope this helps

answered
User Kavun
by
8.7k points
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