What is the term of the loan? Use the amortization table for payments 131-152 of a mortgage
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What is the term of the loan?
Use the amortization table for payments 131-152 of a mortgage below to answer the questions.
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Loan Amount Interest Rate (annual) Term (Years) Monthly Payment Amortization Schedule Calculator $145,750.00 5.41% 20 $995.20 Month Payment Principal Interest Total Interest Balance $145,750.00 1 $995.20 $338.11 $657.09 $657.09 $145,411.89 131 $995.20 $606.77 $388.44 $70,174.09 $85,552.69 132 $995.20 $609.50 $385.70 $70,559.79 $84,943.19 133 $995.20 $612.25 $382.95 $70,942,74 $84,330.94 134 $995.20 $615.01 $380.19 $71,322.93 $83,715.93 135 $995.20 $617.78 $377.42 $71,700.35 $83,098.15 136 $995.20 $620.57 $374.63 $72,074.99 $82,477.59 137 $995.20 $623.37 $371.84 $72,446.82 $81,854.22 138 $995.20 $626.18 $369.03 $72,815.85 $81,228.04 139 $995.20 $629.00 $366.20 $73,182.05 $80,599.05 140 $995.20 $631.83 $363.37 $73,545.42 $79,967.21 141 $995.20 $634.68 $360.52 $73,905.94 $79,332.53 142 $995.20 $637.54 $357.66 $74,263.60 $78,694.99 143 $995.20 $640.42 $354.78 $74,618.38 $78,054.57 144 $995.20 $643.31 $351.90 $74,970.28 $77,411.26 145 $995.20 $646.21 $349.00 $75,319.27 $76,765.06 146 $995.20 $649.12 $346,08 $75,665.35 $76.115.94
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