What was the loan amount, or starting principal? Use the amortization table for payments 131-152 of a
Question:
What was the loan amount, or starting principal?
Use the amortization table for payments 131-152 of a mortgage below to answer the questions.
Transcribed Image Text:
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
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Rukhsar Ansari
I am professional Chartered accountant and hold Master degree in commerce. Number crunching is my favorite thing. I have teaching experience of various subjects both online and offline. I am online tutor on various online platform.
5.00+
4+ Reviews
17+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
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 of payment 138 was for principal? Use the amortization table for payments 131-152 of a mortgage below to answer the questions. Loan Amount Interest Rate (annual) Term (Years) Monthly Payment...
-
How much of the principal has been paid off after payment 151? Use the amortization table for payments 131-152 of a mortgage below to answer the questions. Loan Amount Interest Rate (annual) Term...
-
Requests are not usually uniformly distributed. For example, a cylinder containing the file system FAT or in odes can be expected to be accessed more frequently than a cylinder that only contains...
-
Refer to the data given in the sleep deprivation experiment in Exercise 12.11. Answer the questions posed in parts a, b, d, and e of that exercise by completing the following MS Excel printout: ANOVA...
-
Callen Inc. has accumulated minimum tax credits of $1.3 million from tax years prior to 2018. The following are Callens regular tax before credits for 2018 through 2021. Complete the following table...
-
Your roommate, Bill Blair, contends that accounting contributes to most of the steps in management's decision-making process. Is your roommate correct? Explain.'
-
The Olson Company plans to replace an old machine with a new one costing $85,000. The old machine originally cost $55,000 and has 6 years of its expected 11-year life remaining. It has been...
-
7. Three out of nine subspecies of tigers are extinct. Complete the ta value in the paragraph above as a fraction, decimal, or percent. Fraction 38 9 Decimal Percent 95%
-
What was the interest rate? Use the amortization table for payments 131-152 of a mortgage below to answer the questions. Loan Amount Interest Rate (annual) Term (Years) Monthly Payment Amortization...
-
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...
-
Compare and contrast the resource dependence model of power and politics with the strategic contingency model.
-
Group work can present a unique set of threats and opportunities. Reflect on how your group managed your group's assignments during the semester by conducting a lessons learned.i need detail...
-
Write a C++ program (with two arrays) to: 1. Read up to 100 student numbers and test scores from the keyboard (provide a method to end the input before reaching 100 records); 2. Display the student...
-
Each General Electronics manufactures microchips in large quantities. microchip undergoes assembly and testing. The total assembly costs during January 2006 were: 1. Direct materials used Conversion...
-
20. What is the output of this program? import java.io.IOException; public class Derived { public void getDetails() throws IOException { System.out.println("Derived class"); } } public class Test...
-
19. What is the output of following program? public class Test implements Runnable { public void run() { } System.out.printf("GFG "); public static void main(String[] args) throws...
-
Sources of equal strength m are placed at the four symmetric positions (a, a), (a, a), (a, a), and (a, a). Sketch the streamline and potential-line patterns. Do any plane walls appear? wall Im wall...
-
You have accepted the engagement of auditing the financial statements of the C. Reis Company, a small manufacturing firm that has been your auditee for several years. Because you were busy writing...
-
Pronghorn Company is considering two new projects, each requiring an equipment investment of $100,400. Each project will last for three years and produce the following cash flows: Year Cool Hot 1...
-
OH variances The manager of the Texas Department of Transportation has determined that it typically takes 30 minutes for the departments employees to register a new car in bexar County, the...
-
Exercise 14-5 (Algo) Financial Ratios for Assessing Profitability [LO14-5] Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear...
Study smarter with the SolutionInn App