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5. Compute the monthly payment required to amortize the following loans: 5a. $125,000 @ 5.25% amortized over 15 years. N= |i/y= PV= PMT= |FV=
5. Compute the monthly payment required to amortize the following loans: 5a. $125,000 @ 5.25% amortized over 15 years. N= |i/y= PV= PMT= |FV= 5b. $60,000 @ 5.25% amortized over 30 years. N= |i/y= PV= PMT= |FV= 5c. $130,000 @ 5.0% amortized over 15 years. |N= |i/y= PV= |PMT= FV= es $ Remember to show 5 decimal places! $ $ 5d. $535,000 @ 7.6% amortized over 30 years. $ N= |i/y= PV= PMT= FV= N= |i/y= 5e. $535,000 @ 7.6% amortized over 50 years. $ Problem continues on next page PV= PMT= FV= 5f. $535,000 @ 7.6% with interest only payments. $ Show work here: Show your interest calculation!
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Precalculus
Authors: Michael Sullivan
9th edition
321716835, 321716833, 978-0321716835
