Consider the first payment against a 200, 000 mortgage that last 25 years. Fixed repayments are made on a monthly basis. The first row of the amortization schedule is shown below. Calculate d the fixed monthly payments that are made

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Answer:

666.67

Step-by-step explanation:

200,000 over 25yrs = 200,000 / 25

Yearly Expenses = 8,000

8,000 over 12 months