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6 . What will be the monthly payment on a home mortgage of $ 7 5 , 0 0 0 at 1 2 % interest

6. What will be the monthly payment on a home mortgage of $75,000 at 12% interest
compounded monthly, to be amortized over 30 years?
$771.46
27. Three thousand dollars is deposited into an account paying 10% annually to provide three
annual withdrawals of $1,206.34 beginning in one year. How much remains in the account
after the second payment has been withdrawn?
$1,096.69
Can you explain how these questions are answered with formulas? thank you :)

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