Complete the following table by using Table 15.1. ( Do not round intermediate calculations.Round your answers to the nearest cent.): Selling price: $158,000 Down payment: $31,000 Amount mortgage: ?? Rate: 6.50% Years: 30 Monthly payment: ?? First payment broken down into-- interest: ?? principle:?? Balance at end of month: ??
Complete the following table by using Table 15.1. ( Do not round intermediate calculations.Round your answers to the nearest cent.): Selling price: $158,000 Down payment: $31,000 Amount mortgage: ?? Rate: 6.50% Years: 30 Monthly payment: ?? First payment broken down into-- interest: ?? principle:?? Balance at end of month: ??
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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Complete the following table by using Table 15.1. ( Do not round intermediate calculations.Round your answers to the nearest cent.):
Selling price: $158,000
Down payment: $31,000
Amount mortgage: ??
Rate: 6.50%
Years: 30
Monthly payment: ??
First payment broken down into-- interest: ?? principle:??
Balance at end of month: ??
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