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Loretta Scholten bought a home for $210,000 with a down payment of $30,000. Her rate of interest is 6% for 35 years. Calculate Loretta's payment
Loretta Scholten bought a home for $210,000 with a down payment of $30,000. Her rate of interest is 6% for 35 years. Calculate Loretta's payment per $1,000 and her monthly mortgage payment. (Use Table 15.1.) (Round your answer to the nearest cent.) Mortgage payment TABLE 15-1 Amortization table (mortgage principal and interest per $1,000) INTEREST Term In years 31% 5% 52% 6% 6% 7% 7% 8% 81% 9% 91% 10% 101% 11% 10 12 15 17 20 225 25 30 35 9.89 10.61 10.86 11.11 11.36 11.62 11.88 12.14 12.40 12.67 12.94 13.22 13.50 8.529.25 9.51 9.76 10.02 10.29 0.56 10.83 11.11 11.39 11.67 11.96 12.25 7.15 7.91 8.188 .44 8.72 8.999.28 9.56 9.85 10.15 10.45 10.75 11.06 6.52 7.297.567.84 8.12 8.40 8.698.999.299.599.90 10.22 10.54 5.80 6.60 6.887.17 7.46 7.76 8.06 8.37 8.68 9.009.339.66 9.99 .44 6.20 6.516.82 7.137 .44 7.75 8.07 8.39 8.729.059.399.73 5.01 5.85 6.15 6.456.76 7.07 7.397.72 8.06 8.408.74 9.09 9.45 4.50 5.37 5.68 6.00 6.33 6.66 7.00 7.34 7.69 8.05 8.41 8.78 9.15 3.995.05 5.38 5.71 6.05 6.396.75 7.11 7.47 7.848.22 8.60 8.99 13.78 12.54 11.37 10.86 10.33 10.08 9.81 9.53 9.37
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