Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Discover reliable solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Consider a home mortgage of $175,000 at a fixed APR OF 4.5% for 15 years
a Calculate the monthly payment.
b. Determine the total amount paid over the term of the loan
c. Of the total amount paid, virat percentage is paid toward the principal and what percentage is paid for interest

Sagot :

AnnieBarader15s

Answer:

Annual Percentage Rate Calculator

APR: 5.3573%

Total Financial Charges: $38,619.77

Amount Financed: $174,000.00

Total Payments: $212,619.77

Total Loan: $179,500.00

Quarterly Payment: $7,087.33

Total Interest: $33,119.77

Total Financing Fees: $5,500.00

Step-by-step explanation:

We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.