A â€‹$257 comma 800 mortgage for 30 years for a new home is obtained at the...

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A â€‹$257 comma 800 mortgage for 30 years for a new home isobtained at the rate of 7.8â€‹% compounded monthly. Findâ€‹ (a) themonthlyâ€‹ payment, (b) the interest in the first â€‹payment, (c) theprincipal repaid in the firstâ€‹ payment, andâ€‹ (d) the financecharge. â€‹(a) The monthly payment on the mortgage is â€‹$ nothing.â€‹(Round the final answer to two decimal places as needed. Round allintermediate values to six decimal places asâ€‹ needed.) â€‹(b) Theinterest in the first payment is â€‹$ nothing. â€‹(Round the finalanswer to two decimal places as needed. Round all intermediatevalues to six decimal places asâ€‹ needed.) â€‹(c) The principal repaidin the first payment is â€‹$ nothing. â€‹(Round the final answer to twodecimal places as needed. Round all intermediate values to sixdecimal places asâ€‹ needed.) â€‹(d) The finance charge is â€‹$nothing.

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According to given information principal amount P 257800 Interest rate r 78 78100 0078 Compounding frequency is monthly so r 007812 00065 Now number of payments t See Answer

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