Question
Monthly payments are to be made against an $850,000 loan at 7.25% compounded annually with a 15-year amortization. a)What is the size of the monthly
Monthly payments are to be made against an $850,000 loan at 7.25% compounded annually with a 15-year amortization.
a)What is the size of the monthly payment?
b)Calculate the principal portion of the 50th payment.
c)Calculate the interest portion of the 100th payment.
d)Calculate how much the principal will be reduced in the third year.
e)Calculate the total interest paid in the second year.
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Why Knot An Introduction To The Mathematical Theory Of Knots With Tangle
Authors: Colin Adams
1st Edition
0470413492, 978-0470413494
