Consider a home mortgage of $250,000 at a fixed APR of 3% for 15 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest.

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6

6

6

6

6

6

6

66

6

6

6

66

6

66answer:

step-by-step explanation:

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step-by-step explanation:

step-by-step explanation:

well if you round, things become much more simple. round 5.95 to 6, 4.25 to 4, and 1.05 to 1. now, add 6+4+1 and that would equal 11. so the items together would equal to about $11.

thus, the first answer choice, y = sec x, is the correct one