Pat Lavoie bought a home for $180,000 with a down payment of $10,000. Her rate of interest is 6% for 30 years. (Use Table 15.1.)   ****TABLE ATTACHED******   a. Calculate her monthly payment Monthly Payment=   b. Calculate her first payment, broken down into interest and principal. First payment interest= First payment Principal=   c. Calculate her balance of mortgage at the end of the month. Balance of mortgage=

Question

Pat Lavoie bought a home for $180,000 with a down payment of $10,000. Her rate of interest is 6% for 30 years. (Use Table 15.1.)

 

****TABLE ATTACHED******

 

a. Calculate her monthly payment

Monthly Payment=

 

b. Calculate her first payment, broken down into interest and principal.

First payment interest=

First payment Principal=

 

c. Calculate her balance of mortgage at the end of the month.

Balance of mortgage=

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