Homework: Section 5.4 Quiz Score: 0 of 1 pt 7 of 10 (5 completo) 5.4.30 Use the amortization table to determine how much of the 2nd payment is used to reduce the debt Click the icon to view the amortization table. @ Amortization Table X The amount of the 2nd payment used to reduce the debt is $ ] (Type an integer or a decimal) Amortization Table Amount of Payment Interest for Period Portion to Principal Payment Number 0 1 2 3 4 5 6 7 8 9 10 11 12 $425.52 $425 52 $425.52 $425.52 $425.52 $425.52 $425.52 $425.52 $425.52 $425.52 $425,52 $425.48 $90.00 $83.29 $76.45 $69.46 562.34 $55.08 $47.67 $40.11 $32.40 $24.54 $16.52 $8.34 $335.52 $342.23 $349.07 $356.06 $363.18 $370.44 $377 85 $385.41 $393.12 $400.98 $409.00 $417.14 Principal at End of Period $4500.00 $4164.48 $3822 25 $3473.18 $3117.12 $2753.94 $2383.50 S2005,65 $1620.24 $1227.12 $826.14 $417.14 $0.00 Print Done Done 5.4.31 Use the amortization table to determine how much interest is paid in the first 4 months of the loan Em Click the icon to view the amortization table. Amortization Table (Type an integer or a decimal) Payment Number 0 1 2 3 4 5 Amortization Table Amount of Interest Portion to Principal at Payment for Period Principal End of Period 31000.00 $94.56 $20.00 $74,56 5925.44 $94.56 $18.51 $76.05 $849.39 $94.56 $16.99 $77.57 $771.82 $94.56 515.44 $79.12 3692.70 $94.56 $13.85 $80.71 $611.99 $94.56 $12 24 $82.32 $529,67 $94.56 $10.59 $83.97 $445.70 $94.56 $8.91 $85.65 $360,05 $94 56 $7.20 $87.36 $272.69 $94.56 $5.45 $89.11 $183.58 $94.56 $3.67 $90.89 592 69 $94.54 $1.85 $92.69 $0.00 7 B 9 10 11 12 Print Done Done Homework: Section 5.4 Quiz Score: 0 of 1 pt 7 of 10 (5 completo) 5.4.30 Use the amortization table to determine how much of the 2nd payment is used to reduce the debt Click the icon to view the amortization table. @ Amortization Table X The amount of the 2nd payment used to reduce the debt is $ ] (Type an integer or a decimal) Amortization Table Amount of Payment Interest for Period Portion to Principal Payment Number 0 1 2 3 4 5 6 7 8 9 10 11 12 $425.52 $425 52 $425.52 $425.52 $425.52 $425.52 $425.52 $425.52 $425.52 $425.52 $425,52 $425.48 $90.00 $83.29 $76.45 $69.46 562.34 $55.08 $47.67 $40.11 $32.40 $24.54 $16.52 $8.34 $335.52 $342.23 $349.07 $356.06 $363.18 $370.44 $377 85 $385.41 $393.12 $400.98 $409.00 $417.14 Principal at End of Period $4500.00 $4164.48 $3822 25 $3473.18 $3117.12 $2753.94 $2383.50 S2005,65 $1620.24 $1227.12 $826.14 $417.14 $0.00 Print Done Done 5.4.31 Use the amortization table to determine how much interest is paid in the first 4 months of the loan Em Click the icon to view the amortization table. Amortization Table (Type an integer or a decimal) Payment Number 0 1 2 3 4 5 Amortization Table Amount of Interest Portion to Principal at Payment for Period Principal End of Period 31000.00 $94.56 $20.00 $74,56 5925.44 $94.56 $18.51 $76.05 $849.39 $94.56 $16.99 $77.57 $771.82 $94.56 515.44 $79.12 3692.70 $94.56 $13.85 $80.71 $611.99 $94.56 $12 24 $82.32 $529,67 $94.56 $10.59 $83.97 $445.70 $94.56 $8.91 $85.65 $360,05 $94 56 $7.20 $87.36 $272.69 $94.56 $5.45 $89.11 $183.58 $94.56 $3.67 $90.89 592 69 $94.54 $1.85 $92.69 $0.00 7 B 9 10 11 12 Print Done Done