How much total interest was paid after payment 111 ? Use the amortization schedule to answer the
Question:
How much total interest was paid after payment 111 ?
Use the amortization schedule to answer the question.
Transcribed Image Text:
Loan Amount Interst Rate (annual) Term (Years) Amortization Schedule Calculator $168,458.00 5.85% 15 Monthly Payment $1,407.93 Month Payment 93 $1,407.93 Principal Interest Total Interest Balance $917.74 $490.19 $62,112.60 $99,633.22 94 $1,407.93 $922.22 $485.71 $62,598.32 $98,711.00 95 $1,407.93 $926.71 $481.22 $63,079.53 $97,784.29 96 $1,407.93 $931.23 $476.70 $63,556.23 $96,853.06 97 $1,407.93 $935.77 $472.16 $64,028.39 $95,917.29 98 $1,407.93 $940.33 $467.60 $64,495.99 $94,976.96 99 $1,407.93 $944.92 $463.01 $64,959.00 $94,032.04 100 $1,407.93 $949.52 $458.41 $65,417.40 $93,082.52 101 $1,407.93 $954.15 $453.78 $65,871.18 $92,128.37 102 $1,407.93 $958.80 $449.13 $66,320.31 $91,169.56 103 $1,407.93 $963.48 $444.45 $66,764.76 $90,206.09 104 $1,407.93 $968.17 $439.75 $67,204.51 $89,237.91 105 $1,407.93 $972.89 $435.03 $67,639.55 $88,265.02 106 $1,407.93 $977.64 $430.29 $68,069.84 $87,287.38 107 $1,407.93 $982.40 $425.53 $68,495.37 $86,304.98 108 $1,407.93 $987.19 $420.74 $68,916.10 $85,317.79 109 $1,407.93 $992.00 $415.92 $69,332.03 $84,325.78 110 $1,407.93 $996.84 $411.09 $69,743.12 $83,328.94 111 $1,407.93 $1,001.70 $406.23 $70,149.34 $82,327.24 112 $1,407.93 $1,006.58 113 $1,407.93 $1,011.49 114 $1,407.93 $1,016.42 115 $1,407.93 $1,021.38 $401.35 $70,550.69 $81,320.66 $396.44 $70,947.13 $80,309.17 $391.51 $71,338.63 $79,292.74 $386.55 $71,725.19 $78,271.37
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Answered By
Isaiah Mutinda
As a graduate with Bs in Maths and Computer Science and having worked as a freelance full stack software developer for 3 years running I believe I have what it takes to conformable tutor and mentor a student to a professional developer also.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
How much total interest was paid after payment 149 ? Use the amortization table to answer the question. Loan Amount Interst Rate (annual) Term (Years) Amortization Schedule Calculator $94,176.00...
-
How much total interest was paid after payment 135 ? Use the amortization table for payments 131-152 of a mortgage below to answer the questions. Loan Amount Interest Rate (annual) Term (Years)...
-
How much total interest was paid after payment \(22 ?\) Use the amortization table below to answer the questions. Loan Amount Interest Rate (annual) Term (Years) Monthly Payment Amortization Schedule...
-
15. Show that the frequency of revolution of the electron in the Bohr model hydrogen atom is given by v = 2|E|/hn where E is the total energy of the electron. 16. Show that for all Bohr orbits the...
-
The number of times x an adult human breathes per minute when at rest has a probability distribution that is approximately normal, with the mean equal to 16 and the standard deviation equal to 4. If...
-
An astronaut is provided a "gravity" when the spaceship's engines are activated to accelerate the ship. This requires the use of fuel. Is there a way to accelerate and provide "gravity" without the...
-
What is resistance? How might an individual or group resist the implementation of a new information system? AppendixLO1
-
A solar collector consists of a parallel plate channel that is connected to a water storage plenum at the bottom and to a heat sink at the top. The channel is inclined 0 = 30 from the vertical and...
-
Job order 3726 was recently manufactured. It consisted of items ordered by ABC company. The overhead rate is $10 per machine hour, and the records for the press used indicated that it was operated...
-
Mortgage of \(\$ 87,690\) at \(6.2 \%\) interest for 30 years. Assessed value of the home is \(\$ 75,600\). Property taxes come to \(5.65 \%\) of assessed value. Home insurance of \(\$ 815\) paid...
-
What is the remaining balance after payment 94 ? Use the amortization schedule to answer the question. Loan Amount Interst Rate (annual) Term (Years) Amortization Schedule Calculator $168,458.00...
-
What is the difference between FOB shipping point and FOB destination? How do these terms relate to the revenue principle?
-
San Antonio S.A. rents a store in the Cusco Shopping Center, carrying out a series of modifications and installations in said store with the commitment that, at the end of the rental, it will...
-
b. If the above transactions covered a full year's operations, prepare a journal entry to dispose of the overhead account balance. Assume that the balance is significant. Also assume that the...
-
On 1 May 2015 Harry's Plastics Ltd acquires goods from a supplier in the US. The goods are shipped f.o.b. from the United States on 1 May 2015. The cost of the goods is US$1 500 000. The amount has...
-
In this assignment, you are going to analyze the financial viability of two companies, currently listed on the TSX . Then you will make an investment decision and justify your reasoning. Email your...
-
Create a journal entry for expense closing enteries. Time period: 3 months Entry number HBS073 This journal entry have 13 accounts Income Statement Weeks 1-10 Total Revenue Rental Revenue Sales...
-
Describe the purpose of an operational audit.
-
Explain the differences and similarities between fringe benefits and salary as forms of compensation.
-
Berbice Inc. has a new project, and you were recruitment to perform their sensitivity analysis based on the estimates of done by their engineering department (there are no taxes): Pessimistic Most...
-
#3) Seven years ago, Crane Corporation issued 20-year bonds that had a $1,000 face value, paid interest annually, and had a coupon rate of 8 percent. If the market rate of interest is 4.0 percent...
-
I have a portfolio of two stocks. The weights are 60% and 40% respectively, the volatilities are both 20%, while the correlation of returns is 100%. The volatility of my portfolio is A. 4% B. 14.4%...
Study smarter with the SolutionInn App