In: Finance
Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $4,500,000 at 4.38%. What percent of Ann’s 20th payment goes to interest?
If Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $4,500,000 at 4.38%. What percent of Ann’s 20th payment goes to principal?v