How much principal will be repaid by the first monthly payment of $750 on a $22,000 loan at 15% compounded monthly?

a $650 b $500 c $275 d $475

A mortgage loan of $132,000 at 6% compounded semi-annually is to be amortized over 25 years by equal monthly payments. How much interest will be included in the first payment?

a $792 b $515 c $660 d $652

A loan of $49,600 is to be amortized by monthly payments of $1,000. How much principal will be repaid by the first payment if the interest rate is 10.8% compounded monthly?

a $776 b $496 c $554 d $322

A $175,000 mortgage is amortized over 20 years. Calculate the monthly payment for 5.5% compounded quarterly.

Fred purchased a boat for $18,000. He paid 10% down and the balance in equal monthly payments over five years at 18% compounded monthly. What does Fred pay each month?

a $405.29 b $457.08 c $411.37 d $450.33