Complete the following amortization chart by using Table 15.1. Note: Round your "Payment per $1,000 answer to 5 decimal places and other answers to the nearest cent. Selling price of home S Down payment 177,000 $ 40,000 Principal (loan) Rate of interest 7.5% Years 40 Payment per $1,000 Monthly mortgage payment
Complete the following amortization chart by using Table 15.1. Note: Round your "Payment per $1,000 answer to 5 decimal places and other answers to the nearest cent. Selling price of home S Down payment 177,000 $ 40,000 Principal (loan) Rate of interest 7.5% Years 40 Payment per $1,000 Monthly mortgage payment
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Complete the following amortization chart by using Table 15.1.
Note: Round your "Payment per $1,000" answer to 5 decimal places and other answers to the nearest cent.
Selling price of
home
$
177,000 $
Down payment
40,000
Interest
Only
0.16667
0.17708
0.18750
0.19792
2.500
0.20833
2.625
0.21875
2.750
0.22917
2.875
0.23958
3.000
0.25000
3.125
0.26042
3.250
0.27083
3.375
0.28125
3.500 0.29167
3.625
0.30208
3.750
3.875
4.000
4.125
4.250
4.375
Rate
2.000
2.125
2.250
2.375
TABLE 15.1
Amortization table (mortgage principal and interest per $1,000)
Principal
(loan)
0.31250
0.32292
Show Transcribed Text
0.33333
0.34375
0.35417
0.36458
Rate of
interest
7.5%
10 Year
15 Year
6.43509
6.49281
6.55085
6.60921
6.66789
6.72689
6.78622
6.84586
9.20135
9.25743
9.31374
9.37026
9.42699
9.48394
9.54110
9.59848
9.65607
6.90582
9.71388
6.96609
9.77190 7.02669
9.83014
7.08760
9.88859
7.14883
9.94725
7.21037
10.00612
10.06521
10.12451
7.39688
10.18403 7.45968
10.24375
7.52278
10.30369
7.58620
Years
7.27222
7.33440
40
Payment per
$1,000
25 Year
4.23854
4.29966
4.36131
6.12587
6.19234
6.25922
Monthly
mortgage
payment
30 Year
3.69619
3.75902
3.82246
3.88653
3.95121
4.01651
20 Year
5.05883
5.11825
5.17808
5.23834 4.42348
5.29903
4.48617
5.36014
4.54938
5.42166
4.61311
5.48361
4.67735
5.54598
4.74211
5.60876
4.80738
5.67196
4.87316
5.73557 4.93945
5.79960
5.00624
5.86404
5.07352
5.92888
5.14131
5.99414
5.20959 4.70237
6.05980
5.27837
4.77415
5.34763
4.84650
5.41738
4.91940
5.48761
4.99285
4.08241
4.14892
4.21604
4.28375
4.35206
4.42096
4.49045
4.56051
4.63116
40 Year
3.02826
3.09444
3.16142
3.22921
3.29778
3.36714
3.43728
3.50818
3.57984
3.65226
3.72541
3.79930
3.87391
3.94923
4.02526
4.10198
4.17938
4.25746
4.33620
4.41559
Transcribed Image Text:a
SpongeBob in the S
0.37500
10.36384
0.38542
10.42420
0.39583
10.48477
0.40625
10.54556
7.84297
0.41667
10.60655
7.90794
0.42708 10.66776
7.97320
0.43750
10.72917
8.03878
0.44792
10.79079
8.10465
6.80847
0.45833
10.85263
8.17083 6.87887
0.46875
10.91467
8.23732
6.94966
0.47917
10.97692 8.30410
7.02084
0.48958
11.03938
8.37118
7.09238
0.50000
11.10205 8.43857
7.16431
0.51042
11.16493
8.50625
7.23661
6.51964
0.52083
11.22801
8.57423
7.30928 6.59669
0.53125
11.29130
8.64250
7.38232
6.67417
0.54167
11.35480
8.71107 7.45573
6.75207
11.41850
8.77994
7.52950
6.83039
11.48241
8.84909
7.60364
6.90912
11.54653
8.91854
7.67814
6.98825
11.61085
8.98828
7.75299
7.06779
11.67537
9.05831
7.82820
7.14773
11.74010
9.12863
7.90376
7.22807
11.80504
9.19923
7.97967
7.30880
11.87017
9.27101
8.05593
7.38991
(121) 30 霸王龍
4.500
4.625
4.750
4.875
5.000
5.125
5.250
5.375
5.500
5.625
5.750
5.875
6.000
6.125
6.250
6.375
6.500
6.625
6.750
6.875
7.000
7.125
7.250
7.375
7.500
0.55208
0.56250
0.57292
0.58333
0.59375
0.60417
0.61458
0.06250
https://yo
7.64993
7.71397
7.77832
6.32649
5.55832
5.06685
6.39417 5.62951 5.14140
6.46224
5.70117
5.21647
6.53070
5.77330
5.29208
6.59956
5.84590
5.36822
6.66881
5.91896
5.44487
6.73844
5.99248
5.52204
6.06645
5.59971
6.14087
5.67789
6.21575
5.75656
6.29106
5.83573
6.36682
5.91538
6.44301
5.99551
6.07611
6.15717
6.23870
6.32068
6.40311
6.48598
6.56929
6.65302
6.73719
6.82176
6.90675
6.99215
4.49563
4.57629
4.65758
4.73947
4.82197
4.90505
4.98870
5.07293
5.15770
5.24302
5.32888
5.41525
5.50214
5.58952
5.67740
5.76575
5.85457
5.94385
6.03357
6.12373
6.21431
6.30531
6.39672
6.48852
6.58071
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