Mikroads an advertisement listing a 2 bedroom and 2-bathroom suit for a price of $662000.00 al Suppose he is able to secure a mortgage for a five-year initial term at 338 percent compounded semi-annually and have $65.000 as a down payment. What would the required bi-weekly (26 per year payment on this mortgage behe amortired it over 25 years? (b) Find the total amount of interest that he would pay over the entire 25 year amortization c) Construct an amortion table for payment ubers 121, 122, and 123 based on the col o ns in portal (a) Suppose he is able to secure a mortgage for a five-ynar initial term at 338 percent compounded seria l and have $85,000 as a down payment. What would the required bi-weekly (26 per year payment on this mortgage beitheamorzad it over 25 years? The required payment would be s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) Find the total amount of interest that he would pay over the entire 25-yew amortization He would pay a lot of s in interest Round the final answer to the nearest cont as needed. Round all intermediate values to six decimal places as needed.) (c) Construct an amortization table for payment numbers 121, 122, and 123 based on the calculations in part(a) Payment Number Payment Amount Principal ! Pad interest Paid 121 TOTT Mikroads an advertisement listing a 2 bedroom and 2-bathroom suit for a price of $662000.00 al Suppose he is able to secure a mortgage for a five-year initial term at 338 percent compounded semi-annually and have $65.000 as a down payment. What would the required bi-weekly (26 per year payment on this mortgage behe amortired it over 25 years? (b) Find the total amount of interest that he would pay over the entire 25 year amortization c) Construct an amortion table for payment ubers 121, 122, and 123 based on the col o ns in portal (a) Suppose he is able to secure a mortgage for a five-ynar initial term at 338 percent compounded seria l and have $85,000 as a down payment. What would the required bi-weekly (26 per year payment on this mortgage beitheamorzad it over 25 years? The required payment would be s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) Find the total amount of interest that he would pay over the entire 25-yew amortization He would pay a lot of s in interest Round the final answer to the nearest cont as needed. Round all intermediate values to six decimal places as needed.) (c) Construct an amortization table for payment numbers 121, 122, and 123 based on the calculations in part(a) Payment Number Payment Amount Principal ! Pad interest Paid 121 TOTT
