Header Header HOEM - Stu (8) 19 Annu | Sham n/ext/map/index.html?_con=con&external_br https%2534%252FX252Fne ducation.comX25. hap/index.html?_con=con&externalbrowser=0&launchUrl=https253AX252F%252Fnewconnect.mheducation.com%25. Saved 8 - Amortization (Pt 2) i Saved He#8 - Amortization (Pt 2) ) An annuity providing a rate of return of 5.4% compounded monthly was purchased for $51,000. The annuity pays $460 at the end of The interest rate for the first four years of a $31,000 mortgage loan was 3.65% compounded semiannually. The monthly payments each month. How much of Payment 37 will be interest? (Do not round the intermediate calculations. Round your answer to the computed for a 8-year amortization were rounded to the next higher $10. (Do not round intermediate calculations and round your nearest cent.) final answers to 2 decimal places.) Interest $ a. Calculate the principal balance at the end of the first term. Principal balance b. Upon renewal at 6.15% compounded semiannually, monthly payments were calculated for a four-year amortization and again rounded up to the next $10. What will be the amount of the last payment? Final payment 7 of 7 # N Q 6 8 0) > VE W E R T O W E R T Y O P S D F IS D & Header X & Header X | HOEM - Stu X | Business - 1 X | (8) 19 Annu X | Shameless] x| map/index. html?_con con&external_browser=0&launchUrl=https2534%252F%252Fnewconnect.mheducation #8 - Amortization (Pt 2) Saved An annuity providing a rate of return of 5.3% compounded monthly was purchased for $50,000. The annuity pays $450 at the end of each month. How much principal will be repaid in the fifth year? (Do not round the intermediate calculations. Round your answer to the nearest cent) Principal repaid in the fifth year $