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1.) Consider a home mortgage of $150,000 at a fixed APR of 6​% for 30 years....

1.) Consider a home mortgage of $150,000 at a fixed APR of 6​% for 30 years.

-. Calculate the monthly payment.

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

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

a. The monthly payment is what?

​(Do not round until the final answer. Then round to the nearest cent as​ needed.)

b. The total amount paid over the term of the loan is what?

​(Round to the nearest cent as​ needed.)

c. Of the total amount​ paid, what ​% is paid toward the​ principal, and what % is paid for interest.

​(Round to one decimal place as​ needed.)

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1.) Consider a home mortgage of $150,000 at a fixed APR of 6​% for 30 years. -. Calculate the monthly payment. -. Determine the total amount paid over the term of the loan. - Of the total amount​ paid, what percentage is paid toward the principal and what percentage is paid for interest.

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