Question
Suppose you finance a home purchase with a loan for $365,000 at an APR of 3.75%...
Suppose you finance a home purchase with a loan for $365,000 at an APR of 3.75% for 30 years.
A. What will your monthly payments be? Round your answer to two decimal places.
B. How much total interest will you pay over the life of this loan?
C.Complete the first 5 month of an amortization table for this loan. Include payment number, payment amount, amount applied to interest, amount applied to principle, balance, and equity as columns in your table.
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