III Help Question 4, 10.5.1CV1 Part 1 of 5 Homework: Section 10.5 Homework HW Score: 11.54%, 3 of 26 points O Points: 0 or 5 Save Watch the video and then use the table to complete parts (a) through (e) below. 2 Test Find the regular monthly payment necessary to amortize a $240.000 loan at 55% annual interest for 30 years first by using the table provided, and then by using the given formula Monthly Payments to Repay Principal and Interest on a $1000 Mortgage Annual Term of Mortgage Yours) rale 20 25 30 40 $505900 55 27637 54277415 4.5% 5632649 3555632 5506665 5:07 56.99956 5524550 5536522 5.5% $6.6787 56 14057 55.67789 0 (a) Use the table along with the Interest rate and the form of the mortgage to find the monthly payment per thousand dollars of principal per month Textbook Ask my instructor Clear all 3:0 PM III Help Question 4, 10.5.1CV1 Part 1 of 5 Homework: Section 10.5 Homework HW Score: 11.54%, 3 of 26 points O Points: 0 or 5 Save Watch the video and then use the table to complete parts (a) through (e) below. 2 Test Find the regular monthly payment necessary to amortize a $240.000 loan at 55% annual interest for 30 years first by using the table provided, and then by using the given formula Monthly Payments to Repay Principal and Interest on a $1000 Mortgage Annual Term of Mortgage Yours) rale 20 25 30 40 $505900 55 27637 54277415 4.5% 5632649 3555632 5506665 5:07 56.99956 5524550 5536522 5.5% $6.6787 56 14057 55.67789 0 (a) Use the table along with the Interest rate and the form of the mortgage to find the monthly payment per thousand dollars of principal per month Textbook Ask my instructor Clear all 3:0 PM