find the lump sum deposited today that will yield the same total amount as payments of 6000 at the end of each year for 14 years at an interest rate of 8% compounded daily

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