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Use the table of monthly payments below to calculate the monthly payments. Round your answer to the nearest cent. (4pts) Monthly Payments to Repay Principal
Use the table of monthly payments below to calculate the monthly payments. Round your answer to the nearest cent. (4pts) Monthly Payments to Repay Principal and Interest on a $1000 Mortgage Term of Mortgage (Years) 15 Annual Rate (r) $20.27639s12.13276$9.55652-s836110 s7.71816-5733765 20.51653 12.39857 9.84740 8.67823 8.05227 7.68913 20.75836 12.66758 10.14267 8.99726 8.39196 8.04623 21.00186 12.93976 10.44225 9.32131 8.73697 8.40854 21.24704 13.21507 10.74605 9.65022 9.08701 8.77572 21.49390 13.49350 11.05399 9.98380 9.44182 9.14739 21.74242 13.77500 11.36597 10.32188 9.80113 9.52323 21.99261 14.05954 11.68190 10.66430 10.16469 9.90291 | 22.24445 14.34709 12.00168 11.01086 10.53224 10.28613 80%- 0 8.5% 9.0% 9.5% 10.0% 0.5% 11.0% 11,5% % 4445 0912 68 19) Find the monthly payment Frind the monthly payment needed to amortize principal and interest for the following Mortgage amount: $75,000 Interest rate: 10.5% of mortgage: 15 years 20) Find the monthly payment needed to amortize principal and interest for the following fixed-rate mortgage Mortgage amount: $150,000 Term of mortgage: 20 years Interest rate: 9.5% 2 21) Find the monthly payment needed to amortize principal and interest for the following fixed-rate mortgage. Mortgage amount: $60,000 Term of mortgage: 10 years Interest rate: 12.0% 22) Find the monthly payment needed to amortize principal and interest for the following fixed-rate mortgage Mortgage amount: $345,000 Term of mortgage: 30 years Interest rate: 8.0% 3
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