Determine percentage of the total payments

Reference no: EM1352045

A homeowner just obtained a 30 - year amortized mortgage loan for $150,000 at a nominal annual rate of 6.5%, with monthly payments.

What percentage of the total payments made during the first 3 months will go toward payment of interest?

Reference no: EM1352045

Questions Cloud

Development of cognitive psychology : I need to outline a scientific method please see below I have used the milestone in the development of cognitive psychology most influence was Adler's holistic theory. Can you answer this question?

What is the tension in each of the cables : A loudspeaker of mass 19.0 kg is suspended a distance of = 1.60 m below ceiling by two cables that make equal angles with the ceiling. Each cable has a length of = 3.30m . What is the tension in each of the cables.

Elucidate why is presidential power conditional : Elucidate why is presidential power "conditional"-that is, why it affected so substantially by circumstance, the makeup of Congress, and popular support.

Show characteristics of high performance workplaces : Describe the characteristics of High Performance Workplaces and Organizations and Compile strategies for managing stress in the workplace

Determine percentage of the total payments : A house owner just obtained a thirty year amortized mortgage loan for $150,000 at a nominal annual rate of 6.5 percent, with monthly payments.

Determine the magnitude and direction of vertical component : A 55 kg person is riding in a hot air balloon and scale shows this person's weight too be 549N. the acceleration of gravity at the location of the balloon is known to be 9.79 m/s/s.

Explain how can a manager at the home office recommend : Explain how can a manager at the home office recommend appropriate actions to reduce performance gaps for the other locations? Is this possible? Explain and support your answer.

Changes during middle and late childhood years : Describe the changes that take place in the self during middle and late childhood years. Does emotion change in middle and late childhood?

Elucidate how the central bank manages a nations monetary : Elucidate how the central bank manages a nation's monetary system. Outline the stated direction of recent monetary policy in the United States.

User Account

All Pages