Question
1. 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)
1.
| 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 | ||||
| $ 94,000 | $ 4,000 | $ | 6% | 30 | $ | $ | ||||
2.
| 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 | ||||
| $ 196,000 | $ 50,000 | $ | 7% | 35 | $ | $ | ||||
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The Repo Handbook
Authors: Moorad Choudhry
1st Edition
0750651628, 978-0750651622
