Answer the questions below. When you are finished, submit this assignment to your teacher by the due date for full credit. Total score: _ of 5 points

Show Your Work

Consider the pyramid.

You have just applied, and have been approved for a $58,000 mortgage. the rate quoted to you by the lender is 6.1% for a 30 year fixed mortgage. determine how much of your third month’s payment goes towards the principal. $56.65 $56.93 $57.22 $57.51