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- Find the monthly house payments nessary to amortize the following loan. Find total payments and total interest paid. 198000 at 6.94% for 30 years.Find the monthly house payments necessary to amortize an 8.4% loan of $181,200 over 15 years. The payment size is $ (Round to the nearest cent.)Find the monthly house payments necessary to amortize the following loan. What are the total payments and total amount of interest paid. 196,000 at 6.89% for 25 years
- Find the monthly house payments necessary to amortize the following loan. Then calculate the total payments and the total amount of interest paid. $204,000 at 6.89% for 25 years The monthly payments are $ (Round to the nearest cent.)Complete the following amortization chart by using Table 15.1. (Round your answers to the nearest cent.) Selling price of home Down payment Principal (loan) Rate of interest Years Payment per $1,000 Monthly mortgage payment $181,000 $50,000 $1,156.59 7.0% 35 I need help working this problem out. Please explain in detail.Find the payment necessary to amortize a 8% loan of $1100 compounded quarterly, with 19 quarterly payments. The payment size is $________
- The following loan is a simple interest amortized loan with monthly payments. $155000, 9 1/2%, 30 years(a) Find the monthly payment. (Give your answer to the nearest cent.)Payment $ (b) Find the total interest for the given simple interest amortized loan. (Give your answer to the nearest cent.)Total interest $Create an amortization table for a mortgage based on a monthly payment of $2,486.36 a month, anninterest rate of 0.07375, and a total cost of a house of $359,900Find the payment necessary to amortize a 6% loan of $100,000 compounded annually, with 11 annual payments. The payment size is S
- Create an amortization table for a 15-yr fully amortizing, 6% loan for $10 million. Assume annual payments. What is the loan balance after year 5?The following loan is a simple interest amortized loan with monthly payments. $7000, 7%, 4 years (a) Find the monthly payment. (Give your answer to the nearest cent.) Payment $189.58 (b) Find the total interest for the given simple interest amortized loan. (Give your answer to the nearest cent.) Total interest $ 2100 XThe following loan is a simple interest amortized loan with monthly payments. $5000, 7 1/2%, 4 years (a) Find the monthly payment. (Give your answer to the nearest cent.)Payment $ (b) Find the total interest for the given simple interest amortized loan. (Give your answer to the nearest cent.)Total interest $