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Student: Steven Theriault Date: 08/03/21 Instructor: Igor Ferdman Course: MAT 105 37 Quantitative Methods 2021_22_TERM1 Find the indicated amounts for the fixed-rate mortgages Assignment:
Student: Steven Theriault Date: 08/03/21 Instructor: Igor Ferdman Course: MAT 105 37 Quantitative Methods 2021_22_TERM1 Find the indicated amounts for the fixed-rate mortgages Assignment: 16.1 HW Purchase price of home Down Mortgage Interest payment amount Years rate per $1,000 Monthly payment Mortgage payment Total paid for mortgage Interest paid $0 5.00% 30 $130,000 Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. The mortgage amount is $ The monthly payment per $1,000 is $ (Round to the nearest dollar as needed.) (Round to the nearest cent as needed.) The monthly mortgage payment is $ (Round to the nearest cent as needed.) The total mortgage payment is $ (Round to the nearest dollar as needed.) The total interest is $ (Round to the nearest dollar as needed.) 1: Data Table Years Annual interest rate 10 12 9.66 9.77 8.28 8.40 10.01 9.89 8.63 8.51 10.12 8.76 15 6.91 7.03 7.15 7.27 7.40 17 6.26 6.51 6.64 6.39 6.76 6.89 20 5.55 5.67 5.80 5.93 6.06 6.19 financed 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 6.00% 10.61 10.73 10.85 10.98 11.10 10.24 10.36 10.48 9.76 8.88 9.00 9.12 9.25 9.37 9.50 9.63 8.30 8.4 8.04 8.17 7.78 7.52 7.65 7.91 7.56 7.69 7.8 7.15 7.29 7.42 6.88 7.02 7.1 7.02 6.33 6.46 6.60 6.74 22 5.18 5.31 5.44 5.57 5.70 5.84 5.97 6.11 6.25 6.39 6.54 6.68 6.8 25 4.74 4.87 5.01 5.14 5.28 5.42 5.56 5.70 5.85 5.99 6.14 6.29 6. 30 4.22 4.35 4.49 4.63 4.77 4.92 5.07 5.22 5.37 5.52 5.68 5.84 6 35 3.85 3.99 4.28 4.13 4.43 4.73 4.58 4.89 5.05 5.21 5.37 5.54 5
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