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You have just bought a house and have taken out a mortgage (an installment) loan...

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Finance

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You have just bought a house and have taken out a mortgage (an installment) loan for $500,000. This is a 30-year loan that requires monthly payments and the first payment is due one month from today. The APR for the loan is 24%. You are interested to know how much of your 210th monthly payment will go toward the repayment of principal? That amount is $762.65 $9,586.98 $625.64 $9,494.78 $513.24 $9,382.38 $421.04 $9,245.37

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