FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ellen has a thirty year mortgage with level payments. The amount of principal in her 82nd payment is $259.34, and the amount of principal in

Ellen has a thirty year mortgage with level payments. The amount of principal in her 82nd payment is $259.34, and the amount of principal in her 56th payment is $230.19. Find the amount of interest in her 133rd payment. The answer is: $604.59 Please show work, Thanks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

National Finance A Chinese Perspective

National Finance A Chinese Perspective

Authors: Yunxian Chen, Heming Yong

1st Edition

9813360917, 978-9813360914

More Books

Students also viewed these Finance questions

Question

★★★★★
List the three principles for matching expenses against revenues.

Answered: 1 week ago

Question

★★★★★
Appoline Juices budgeted sales of 87,420 units of Grape, assuming that the company would have 30 percent of 291,400 units sold in a particular market. The actual results were 78,910 units sold by...

Answered: 1 week ago

Question

★★★★★
What do we call a good with an income elasticity less than zero?

Answered: 1 week ago

Question

★★★★★
1. Would a lab experiment or a field experiment be more valid in determining whether Tooheys could cause a normal beer consumer to become intoxicated? Explain. 2. Describe an alternate research...

Answered: 1 week ago

Question

★★★★★
What is "auto load mode" used for in the Chart App? To add analysis to the Chart App None of these options To compare a company to its related Indices, Peers, Industries and Sectors To add technical...

Answered: 1 week ago

Question

★★★★★
Boje, Inc. manufactures travel locks. The budgeted selling price is $17 per lock, the variable cost is $7 per lock, and budgeted fixed costs are $21,000 per month. Prepare a flexible budget for...

Answered: 1 week ago

Question

★★★★★
A manufacturing company has recently outsourced its entire operations processes. Moreover, the CEO has decided to start an e-commerce business model to find a new market to target consumers with...

Answered: 1 week ago

Question

★★★★★
Primary source analysis. There are three newspaper excerpts included in the Election of 1800 section of the lesson. For each source, identify if it was a Republican newspaper (in favor of the...

Answered: 1 week ago

Question

★★★★★
Discuss the ECCO Case. In your discussion, please make sure to address the following questions: What sets ECCO's supply chain apart from their competitors? How do you think that they can improve it...

Answered: 1 week ago

Question

★★★★★
Best Vision is revamping its assembly lines to improve efficiency. As shown below, there are 10 steps to assembling a television set. Best Vision needs to produce 125 televisions in a 40-hour work...

Answered: 1 week ago

Question

★★★★★
Colby Company reports net income of $50,000. For the year, depreciation expense is $15,000 and the company reports a gain of $5,000 from sale of machinery. It also had a $3,000 loss from retirement...

Answered: 1 week ago

Question

★★★★★
Him and his co-workers, the top bowling team in the tournament, will represent our Company in the league finals on saturday.

Answered: 1 week ago

Question

★★★★★
The executive director, along with his staff, are working quickly to determine who should receive the Award.

Answered: 1 week ago

Question

★★★★★
Often the reputation of an entire company depend on one employee that officially represents that company to the public.

Answered: 1 week ago

Previous Question Next Question