13 eBook With a selling price $100,000, a 20% down payment, and a mortgage of 12% for 25 years, calculate: Note: Round your "Monthly payment" and "Principal portion" answers to the nearest cent. A. Amount of mortgage B. Monthly payment C. Interest portion of first payment D. Principal portion of first payment
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- Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $407,181 5.50% 35 $2186.63 Question content area bottom Part 1 Month Monthly payment Interest Principal End-of-month principal 1 $2186.63 $enter your response here $enter your response here $enter your response here 2 $2186.63 $enter your response here $enter your response hereQuestion Consider the first payment against a $200,000 mortgage that last for 25 years. Fixed repayments are made on a monthly basis. The first row of the amortization schedule is shown below. Payment # 1 2 Payment d Interest 716.67 ... Debt Payment P1 Calculate d, the fixed monthly payments that are made. Round your answer to the nearest cent. Balance b₁ IhK Complete the first two months of each amortization schedule for a fixed-rate mortgage Mortgage, $142,200, Interest rate, 4.2%, Term of loan, 16 years Fill out the amortization schedule below and round all values to the nearest cent Payment Number 1 2 Total Payment (a) $ (e) $ Interest Payment (b) $ (1) $ Principal Payment (c) $ (g) $ Balance of Principal $142,200 (d) $ (h) $ ***
- Make an amortization table to show the first two payments for the mortgage. Amount of mortgage $89,000 Month Annual interest rate Years in mortgage Monthly payment 5.50% Monthly payment $546.46 Interest 1 2 $546.46 (Round to the nearest cent as needed.) 25 Principal $546.46 End-of-month principallist K Complete the first month of the amortization schedule for a fixed-rate mortgage. Complete parts (a) through (d). Mortgage: $103,000 Interest rate: 5.5% Term of loan: 15 years Click the icon to view the Real Estate Amortization Table. Complete the first payment of the amortization schedule. (Do not round until the final answer. Then round to the nearest cent as needed.) Amortization Schedule Payment Number 1 Total Payment (a) $841.60 Interest Payment ... (b) $472.03 Principal Payment (c) $369.57 Balance of Principal Save (d) $472.03Make an amortization table to show the first two payments for the mortgage. Amount of Annual interest rate Years in mortgage Monthly payment mortgage $85,000 6.00% 25 $547.40 End-of-month principal Monthly Month Interest Principal payment 1 $547.40 24 %$4 2 $547.40 (Round to the nearest cent as needed.)
- Make an amortization table to show the first two payments for the mortgage. Amount of Annual interest rate Years in mortgage Monthly payment mortgage S110,000 5.75% 30 $642.40 Monthly End-of-month Month Interest Principal payment principal 1 $642.40 $642.40 (Round to the nearest cent as needed.) Stephen has just purchased a home for $169,000. A mortgage company has approved his loan application for a 30-year fixed-rate loan at 4.75%. Stephen has agreed to pay 20% of the purchase price as a down payment. Find the total interest Stephen will pay if he pays the loan on schedule. E Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. The total interest is S. (Round to the nearest cent as needed.) Stephen has just purchased a home for $161,700. A mortgage company has approved his loan application for a 30-year fixed-rate loan at 4.75%. Stephen has agreed to pay 25% of the purchase price as a down payment. If Stephen made the…Make an amortization table to show the first two payments for the mortgage. Amount of Annual interest rate Years in mortgage Monthly payment mortgage S404,356 5.00% 35 S2040.73 Monthly payment End-of-month Month Interest Principal principal 1 $2040.73 2 $2040.73 2$ (Round to the nearest cent as needed.)ONLINE 721757 K Complete the first month of the amortization schedule for a fixed-rate mortgage. Mortgage: $110,000 Interest rate: 6.5% Term of loan: 25 years Click the icon to view the Real Estate Amortization Table. Payment Number 1 Amortization Schedule Total Payment Interest Payment Principal Payment Balance of Principal (a) $ (b) $ (b) $ (d) $
- Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $407,550 5.25% 35 $2122.29 Month Monthly payment Interest Principal End-of-month principal 1 $2122.29 $enter your response here $enter your response here $enter your response here 2 $2122.29 $enter your response here $enter your response here $enter your response hereomplete the first month of the amortization schedule for the following fixed rate mortgage. Round the answer to the nearest cent. Mortgage: $79,000 Interest rate: 8.5% Term of loan: 15 years Amortization Schedule Payment Total Interest Principal Balance of Number Payment Payment Payment Principal 1 $777.94 (a) _____ (b) _____ (c) _____Complete the first two months of an amortization schedule for the fixed-rate mortgage. Mortgage: $114,150 Interest rate: 5.25% Term of loan: 12 years Complete the first two payments of the amortization schedule below. (Do not round until the final answer. Then round to the nearest cent as needed.) Payment Number Total Interest Principal Payment Balance of Principal Payment Payment $4 1 %$4 %24 Enter your answer in each of the answer boxes. Copyright © 2020 Pearson Education Inc. All rights reserved
