Lars has been approved for$420,000, 20-year mortgage with an APR of 5.125%. What is his monthly payment? How much interest would he expect to pay on the loan in one month? How much of the monthly payment will go towards the principal?
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Home » Mathematics » Lars has been approved for$420,000, 20-year mortgage with an APR of 5.125%. What is his monthly payment? How much interest would he expect to pay on the loan in one month? How much of the monthly payment will go towards the principal?