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Mia Sato purchased a new condominium for $225,000. The bank required a $40,000 down payment. Assume...

Mia Sato purchased a new condominium for $225,000. The bank required a $40,000 down payment. Assume a rate of 11% on a 30-year mortgage.

What is Mia’s monthly payment?
What is Mia's total interest cost if she pays each payment as scheduled for 30 years?
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The answer has been presented in the supporting sheet. For detailed nswer refer to the supporting sheet.

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