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Consider this amortization table for the first six months of a $195 000 mortgage amortized over 15 years.   Month Principal Paid ($) Interest Paid ($) 1 594.87 1200.13 2 598.53 1196.47 3 602.21 1192.79 4 605.93 1189.08 5 609.64 1185.35 6 613.41 1181.60       Calculate the total amount paid in the first six months.

Consider this amortization table for the first six months of a $195 000 mortgage amortized over 15 years.   Month Principal Paid ($) Interest Paid ($) 1 594.87 1200.13 2 598.53 1196.47 3 602.21 1192.79 4 605.93 1189.08 5 609.64 1185.35 6 613.41 1181.60       Calculate the total amount paid in the first six months.

Advanced Engineering Mathematics
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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Consider this amortization table for the first six months of a $195 000
mortgage amortized over 15 years.

 
Month
Principal Paid ($)
Interest Paid ($)
1
594.87
1200.13
2
598.53
1196.47
3
602.21
1192.79
4
605.93
1189.08
5
609.64
1185.35
6
613.41
1181.60
     


Calculate the total amount paid in the first six months.

 

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