5. Use the U.S. Rule to calculate the outstanding balance due for each of the following independent situations. Monthly payment # A. 1B. 5C. 4D. 12E. 8 Outstanding balance due$9,000$5,625.00$926.50$62, 391.28$3,255.19Amount of monthly payment$600$1,000$250$1,200$325What is the 1 1/2 % interest payment for each payment, the Reduction in balance due, and the Outstanding balance due

5. Use the U.S. Rule to calculate the outstanding balance due for each of the following independent situations. Monthly payment # A. 1B. 5C. 4D. 12E. 8 Outstanding balance due$9,000$5,625.00$926.50$62, 391.28$3,255.19Amount of monthly payment$600$1,000$250$1,200$325What is the 1 1/2 % interest payment for each payment, the Reduction in balance due, and the Outstanding balance due

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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26. a. The monthly payment is ? (Do not round until the final answer. Then round to the nearest cent as needed.) b. The total payment over the term of the loan is ? (Round to the nearest cent as needed.) c. the total payment over the term of the loan, blank% is paid toward the principal and blank% is paid toward interest. (Round to the nearest tenth as needed.)
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solve for number 9.
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