After marks 27th payment his balance is 72000 how many


Mark has a 30 year fixed rate mortgage, at 4% APR, with monthly payments. After Mark’s 27th payment his balance is $72,000. How many dollars is Mark paying in interest in month 28?

Please explain step by step how to calculate a problem like this.

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Financial Management: After marks 27th payment his balance is 72000 how many
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