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Consider this amortization table for the first šix months öf a S195 Principal Paid (S) 594.87 Month Interest Paid (S) 1 1200.13 598.53 602.21 1196.47 1192.79 3 4 605.93 1189.08 5 609.64 1185.82 613.41 1181.60

Consider this amortization table for the first šix months öf a S195 Principal Paid (S) 594.87 Month Interest Paid (S) 1 1200.13 598.53 602.21 1196.47 1192.79 3 4 605.93 1189.08 5 609.64 1185.82 613.41 1181.60

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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7. Consider this amortization table for the first six months of a $195 000 mortgage amortized over 15 years. Principal Paid (S) 594.87 Intercst Paid (S). 1200.13 1196.47 1192.79 Month 1 598.53 3. 602.21 4 605.93 1189.08 609.64 1185.82 613.41 1181.60 How much debt is owed on the house at the end of six months? a. $187 615 b. $191 375 c. $184 230 d. $180 845
Transcribed Image Text:7. Consider this amortization table for the first six months of a $195 000 mortgage amortized over 15 years. Principal Paid (S) 594.87 Intercst Paid (S). 1200.13 1196.47 1192.79 Month 1 598.53 3. 602.21 4 605.93 1189.08 609.64 1185.82 613.41 1181.60 How much debt is owed on the house at the end of six months? a. $187 615 b. $191 375 c. $184 230 d. $180 845
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