Kate and ashton have been approved for a $200,000 15 year mortgage with an apr of 5.5%. how much of their first monthly payment will go to intrest?

$920 would be the amount of interest in the first payment.

We convert the decimal to a monthly amount first.  (5.5/100)/12 = 0.0046.  We then multiply this by the amount of the loan, 200,000:

200000*0.0046 = 920.

$920 of the first month's payment would go towards interest.

To find the percentage of the payment, you would divide this amount by the amount of the first month's payment.

Jim has run 5/6 of a mile so far. i hope that answers your question! good luck : )