Consider a home mortgage of 200000 at a fixed apr of 45 for, Financial Management

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Consider a home mortgage of 200000 at a fixed apr of 45 for

Consider a home mortgage of $200,000 at a fixed APR of 4.5% for 25 years.

A. Calculate the monthly payment.

B. Determine the total amount paid over the term of the loan.

C. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest.

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Financial Management: Consider a home mortgage of 200000 at a fixed apr of 45 for

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Financial Management: Consider a home mortgage of 200000 at a fixed apr of 45 for

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