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Advanced MathContemporary Mathematics for Business & ConsumersUsing Table 14-1 as needed, calculate the required information for the following mortgages. TABLE 14-1 Monthly Payments to Amortize Principal and Interest per $1,000 Financed Monthly Payments (Necessary to amortize a loan of $1,000) 40 Years Interest Rate (%) 5 Years 10 Years 15 Years 20 Years 25 Years 30 Years 35 Years 3.50 $18.19 $9.89 $7.15 $5.80 $5.01 $4.49 $4.13 $3.87 3.75 18.30 10.01 7.27 5.93 5.14 4.63 4.28 4.03 4.00 18.42 10.12 7.40 6.06 5.28 4.77 4.43 4.18 4.25 18.53 10.24 7.52 6.19 5.42 4.92 4.58 4.34 4.50 18.64 10.36 7.65 6.33 5.56 5.07 4.73 4.50 4.75 18.76 10.48 7.78 6.46 5.70 5.22 4.89 4.66 5.00 18.88 10.61 7.91 6.60 5.85 5.37 5.05 4.83 5.25 18.99 10.73 8.04 6.74 6.00 5.53 5.21 4.99 5.50 19.11 10.86 8.18 6.88 6.15 5.68 5.38 5.16 5.75 19.22 10.98 8.31 7.03 6.30 5.84 5.54 5.33 6.00 19.34 11.11 8.44 7.17 6.45 6.00 5.71 5.51 6.25 19.45 11.23 8.58 7.31 6.60 6.16 5.88 5.68 6.50 19.57 11.36 8.72 7.46 6.76 6.33 6.05 5.86 6.75 19.69 11.49 8.85 7.61 6.91 6.49 6.22 6.04 7.00 19.81 11.62 8.99 7.76 7.07 6.66 6.39 6.22 7.25 19.92 11.75 9.13 7.91 7.23 6.83 6.57 6.40 7.50 20.04 11.88 9.28 8.06 7.39 7.00 6.75 6.59 7.75 20.16 12.01 9.42 8.21 7.56 7.17 6.93 6.77 8.00 20.28 12.14 9.56 8.37 7.72 7.34 7.11 6.96 8.25 20.40 12.27 9.71 8.53 7.89 7.52 7.29 7.15 8.50 20.52 12.40 9.85 8.68 8.06 7.69 7.47 7.34 8.75 20.64 12.54 10.00 8.84 8.23 7.87 7.66 7.53 9.00 20.76 12.67 10.15 9.00 8.40 8.05 7.84 7.72 9.25 20.88 12.81 10.30 9.16 8.57 8.23 8.03 7.91 9.50 21.01 12.94 10.45 9.33 8.74 8.41 8.22 8.11 9.75 21.13 13.08 10.60 9.49 8.92 8.60 8.41 8.30 10.00 21.25 13.22 10.75 9.66 9.09 8.78 8.60 8.50 10.25 21.38 13.36 10.90 9.82 9.27 8.97 8.79 8.69 10.50 21.50 13.50 11.06 9.99 9.45 9.15 8.99 8.89 10.75 21.62 13.64 11.21 10.16 9.63 9.34 9.18 9.09 11.00 21.75 13.78 11.37 10.33 9.81 9.53 9.37 9.29 11.25 21.87 13.92 11.53 10.50 9.99 9.72 9.57 9.49 11.50 22.00 14.06 11.69 10.67 10.17 9.91 9.77 9.69 11.75 22.12 14.21 11.85 10.84 10.35 10.10 9.96 9.89 12.00 22.25 14.35 12.01 11.02 10.54 10.29 10.16 10.09 12.25 22.38 14.50 12.17 11.19 10.72 10.48 10.36 10.29 12.50 22.50 14.64 12.33 11.37 10.91 10.68 10.56 10.49 12.75 22.63 14.79 12.49 11.54 11.10 10.87 10.76 10.70 13.00 22.76 14.94 12.66 11.72 11.28 11.07 10.96 10.90 Term Number Amount Interest of Loan of $1,000s Table Monthly Financed Rate (years) Financed Factor Payment Total Interest $164,900 4.50% 25BuyFind*launch*

8th Edition

Robert Brechner + 1 other

Publisher: Cengage Learning

ISBN: 9781305585447

Chapter 14.I, Problem 3RE

Textbook Problem

Using Table 14-1 as needed, calculate the required information for the following mortgages.

TABLE 14-1 |
Monthly Payments | to Amortize Principal and Interest per $1,000 Financed | |||||||

Monthly Payments(Necessary to amortize a loan of $1,000) |
40Years |
||||||||

Interest Rate (%) |
5Years |
10Years |
15Years |
20Years |
25Years |
30Years |
35Years |
||

3.50 |
$18.19 | $9.89 | $7.15 | $5.80 | $5.01 | $4.49 | $4.13 | $3.87 | |

3.75 |
18.30 | 10.01 | 7.27 | 5.93 | 5.14 | 4.63 | 4.28 | 4.03 | |

4.00 |
18.42 | 10.12 | 7.40 | 6.06 | 5.28 | 4.77 | 4.43 | 4.18 | |

4.25 |
18.53 | 10.24 | 7.52 | 6.19 | 5.42 | 4.92 | 4.58 | 4.34 | |

4.50 |
18.64 | 10.36 | 7.65 | 6.33 | 5.56 | 5.07 | 4.73 | 4.50 | |

4.75 |
18.76 | 10.48 | 7.78 | 6.46 | 5.70 | 5.22 | 4.89 | 4.66 | |

5.00 |
18.88 | 10.61 | 7.91 | 6.60 | 5.85 | 5.37 | 5.05 | 4.83 | |

5.25 |
18.99 | 10.73 | 8.04 | 6.74 | 6.00 | 5.53 | 5.21 | 4.99 | |

5.50 |
19.11 | 10.86 | 8.18 | 6.88 | 6.15 | 5.68 | 5.38 | 5.16 | |

5.75 |
19.22 | 10.98 | 8.31 | 7.03 | 6.30 | 5.84 | 5.54 | 5.33 | |

6.00 |
19.34 | 11.11 | 8.44 | 7.17 | 6.45 | 6.00 | 5.71 | 5.51 | |

6.25 |
19.45 | 11.23 | 8.58 | 7.31 | 6.60 | 6.16 | 5.88 | 5.68 | |

6.50 |
19.57 | 11.36 | 8.72 | 7.46 | 6.76 | 6.33 | 6.05 | 5.86 | |

6.75 |
19.69 | 11.49 | 8.85 | 7.61 | 6.91 | 6.49 | 6.22 | 6.04 | |

7.00 |
19.81 | 11.62 | 8.99 | 7.76 | 7.07 | 6.66 | 6.39 | 6.22 | |

7.25 |
19.92 | 11.75 | 9.13 | 7.91 | 7.23 | 6.83 | 6.57 | 6.40 | |

7.50 |
20.04 | 11.88 | 9.28 | 8.06 | 7.39 | 7.00 | 6.75 | 6.59 | |

7.75 |
20.16 | 12.01 | 9.42 | 8.21 | 7.56 | 7.17 | 6.93 | 6.77 | |

8.00 |
20.28 | 12.14 | 9.56 | 8.37 | 7.72 | 7.34 | 7.11 | 6.96 | |

8.25 |
20.40 | 12.27 | 9.71 | 8.53 | 7.89 | 7.52 | 7.29 | 7.15 | |

8.50 |
20.52 | 12.40 | 9.85 | 8.68 | 8.06 | 7.69 | 7.47 | 7.34 | |

8.75 |
20.64 | 12.54 | 10.00 | 8.84 | 8.23 | 7.87 | 7.66 | 7.53 | |

9.00 |
20.76 | 12.67 | 10.15 | 9.00 | 8.40 | 8.05 | 7.84 | 7.72 | |

9.25 |
20.88 | 12.81 | 10.30 | 9.16 | 8.57 | 8.23 | 8.03 | 7.91 | |

9.50 |
21.01 | 12.94 | 10.45 | 9.33 | 8.74 | 8.41 | 8.22 | 8.11 | |

9.75 |
21.13 | 13.08 | 10.60 | 9.49 | 8.92 | 8.60 | 8.41 | 8.30 | |

10.00 |
21.25 | 13.22 | 10.75 | 9.66 | 9.09 | 8.78 | 8.60 | 8.50 | |

10.25 |
21.38 | 13.36 | 10.90 | 9.82 | 9.27 | 8.97 | 8.79 | 8.69 | |

10.50 |
21.50 | 13.50 | 11.06 | 9.99 | 9.45 | 9.15 | 8.99 | 8.89 | |

10.75 |
21.62 | 13.64 | 11.21 | 10.16 | 9.63 | 9.34 | 9.18 | 9.09 | |

11.00 |
21.75 | 13.78 | 11.37 | 10.33 | 9.81 | 9.53 | 9.37 | 9.29 | |

11.25 |
21.87 | 13.92 | 11.53 | 10.50 | 9.99 | 9.72 | 9.57 | 9.49 | |

11.50 |
22.00 | 14.06 | 11.69 | 10.67 | 10.17 | 9.91 | 9.77 | 9.69 | |

11.75 |
22.12 | 14.21 | 11.85 | 10.84 | 10.35 | 10.10 | 9.96 | 9.89 | |

12.00 |
22.25 | 14.35 | 12.01 | 11.02 | 10.54 | 10.29 | 10.16 | 10.09 | |

12.25 |
22.38 | 14.50 | 12.17 | 11.19 | 10.72 | 10.48 | 10.36 | 10.29 | |

12.50 |
22.50 | 14.64 | 12.33 | 11.37 | 10.91 | 10.68 | 10.56 | 10.49 | |

12.75 |
22.63 | 14.79 | 12.49 | 11.54 | 11.10 | 10.87 | 10.76 | 10.70 | |

13.00 |
22.76 | 14.94 | 12.66 | 11.72 | 11.28 | 11.07 | 10.96 | 10.90 |

**Term Number**

Amount |
Interest |
of Loan |
of $1,000s |
Table |
Monthly |
||||

Financed |
Rate |
(years) |
Financed |
Factor |
Payment Total Interest |
||||

$164,900 | 4.50% | 25 | |||||||

Contemporary Mathematics for Business & Consumers

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Using Table 14-1 as needed, calculate the...

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