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HELP FAST The same house costing $500,000 with the 15-year mortgage and the APR of 4.5% would have what amount for its first month's interest payment?

HELP FAST The same house costing $500,000 with the 15-year mortgage and the APR of 4.5% would have what amount for its first month's interest payment?
asked 230k views
1 vote
HELP FAST

The same house costing $500,000 with the 15-year mortgage and the APR of
4.5% would have what amount for its first month's interest payment?

asked
User Sander
by
8.0k points

1 Answer

4 votes

Answer:

$3825

Explanation:

answered
User Shadow Wizard
by
8.1k points
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