If you decide to get a 30-year loan and are able to pay extra $150 toward the principle each month, how much in interest charges will you save by paying extra amount each month?

$35,994.07

$28,242.36

$47,365.33

$56,104.69

6.Create the first line of the amortization table (assume a 30-year loan and a regular PMT) What goes toward the interest in month 1?

$524.27

$525.00

$733.53

$883.53

7.Create the first line of the amortization table (assume a 30-year loan and a regular PMT) What goes toward the principal in month 1?

$208.53

$209.26

$525.00

$733.53

8.If you decide to sell your home in 5 years, what is the balance you still owe to the bank? (assume a 30-year loan and a regular PMT)

$35,994.07

$78,075.20

$88,233.50

$136,104.69