You purchased a house for dollar 15000000 the mortgage is


Question: You purchased a house for dollar 150,000.00. The mortgage is for 30 years with equal monthly payment at a monthly interest rate of 3/4 percentage.

What is the monthly mortgage payment?

How much of the first month's mortgage payment is interest, and how much is principal repayment?

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Finance Basics: You purchased a house for dollar 15000000 the mortgage is
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