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FinanceQ&A LibraryInstructor: Bemadine CochranStudent: Roy'ce BrittentimeDate: 11/18/19Course: Contemporary College Math (B) Assignment: Homework 10.5(FA2019)Detemine the monthly principal and interest payment for a15-year mortgage when the amount financed is $85,000 andthe annual percentage rate (APR) is 6.0%Click here for table of Monthly Payments1.The monthly principal and interest payment is $(Round to the nearest cent as needed.)1: Monthly Principal and Interest Payment per $1000 of MortgageNumber of YearsRate %10152520304.0$10.12451$7.39688$6.05980$5.27837$4.774154.510.363847.649936.326495.558325.066855.010.606557.907946.599565.845905.368225.510.852638.170836.878876.140875.677896.011.102058.438577.164316.443015.995516.511.354808.711077.455736.752076.320687.011.610858.988287.752997.067796.653027.511.870189.270128.055937.389916.992158.012.132769.556528.364407.718167.337658.512.398579.847408.678237.689138.052279.012.6675810.142678.997268.391968.046239.512.9397610.442259.321318.736978.4085413.2150710.010.746059.650229.087018.7757210.513.4935011.053999.983809.147399.4418211.013.7750011.3659710.321889.801139.5232311.514.0595411.6819010.6643010.164699.9029112.014.3470912.0016811.0108610.5322410.28613Question

Asked Nov 19, 2019

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