Consider a home mortgage of ​$200,000 at a fixed APR of 4.5% for 30 years.

a. The monthly payment is ​$_____
b. The total amount paid over the term of the loan is ​$_____
c. Of the total amount​ paid, _____% is paid toward the​ principal, and _____% is paid for interest

1 answer

Take a look how I did a similar question for the first part of this post.

https://www.jiskha.com/questions/1792222/Suppose-you-take-out-a-45-year-100-000-mortgage-with-an-APR-of-6-You

make the necessary changes in the numbers.

Also read the concluding remarks about "total cost" of such a loan