Question 1075379
mortgage is 85% of 575000=488,750
M=488750(1+(.0525/12))^360*(0.0525/12) divided by (1+(0.0525/12)^360-1
don't round until the end
the denominator is 3.814
The monthly payment is $2698.90.
over 360 months (now round to nearest cent), the payments amount to $971602.41.
$488750 is principal
$482852.41 is interest