Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at 5% for 20 years. Use this table and give the total interest as your answer.(Round your answers to the nearest cent.)Monthly paymentTotal interestNeed Help?Master ItRead ItWatch ItSubmit Answer Table 14-1: Monthly Payments to Amortize Principal and Interest per $1,000 FinanMonthly Payments(Necessary to amortize a loan of $1,000)InterestRate (%)510152025303540YearsYearsYearsYearsYearsYearsYearsYears3.5018.199.897.155.805.014.494.133.873.7518.3010.017.275.935.144.634.284.034.0018.4210.127.406.065.284.774.434.184.2518.5310.247.526.195.424.924.584.344.5018.6410.367.656.335.565.074.734.504.7518.7610.487.786.465.705.224.894.665.0018.8710.617.916.605.855.375.054.825.2518.9910.738.046.745.995.525.214.995.5019.1010.858.176.886.145.685.375.165.7519.2210.988.307.026.295.845.545.336.0019.3311.108.447.166.446.005.705.506.2519.4511.238.577.316.606.165.875.686.5019.5711.358.717.466.756.326.045.856.7519.6811.488.857.66.916.496.216.037.0019.8011.618.997.757.076.656.396.217.2519.9211.749.137.907.236.826.566.407.5020.0411.879.278.067.396.996.746.587.7520.1612.009.418.217.557.166.926.778.0020.2812.139.568.367.727.347.106.958.2520.4012.279.708.527.887.517.287.148.5020.5212.409.858.688.057.697.477.338.7520.6412.539.998.848.227.877.657.529.0020.7612.6710.149.008.398.057.847.719.2520.8812.8010.299.168.568.238.037.919.5021.0012.9410.449.328.748.418.228.109.7521.1213.0810.599.498.918.598.418.3010.0021.2513.2210.759.659.098.788.608.4910.2521.3713.3510.909.829.268.968.798.6910.5021.4913.4911.059.989.449.158.988.8910.7521.6213.6311.2110.159.629.339.189.0811.0021.7413.7811.3710.329.809.529.379.2811.2521.8713.9211.5210.499.989.719.569.4811.5021.9914.0611.6810.6610.169.909.769.6811.7522.1214.2011.8410.8410.3510.099.969.8812.0022.2414.3512.0011.0110.5310.2910.1610.0812.2522.3714.4912.1611.1910.7210.4810.3510.2912.5022.5014.6412.3311.3610.910.6710.5510.4912.7522.6314.7812.4911.5411.0910.8710.7510.6913.0022.7514.9312.6511.7211.2811.0610.9510.90

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Description: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at 5% for 20 years. Use this table and give the total interest as your answer.(Round your answers to the nearest cent.)Monthly paymentTotal interestNeed Help?Mas

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Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at 5% for 20 years. Use this table and give the total interest as your answer. (Round your answers to the nearest cent.) Monthly payment 24 Total interest 2$ Need Help? Read It Watch It Master It

Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at 5% for 20 years. Use this table and give the total interest as your answer. (Round your answers to the nearest cent.) Monthly payment 24 Total interest 2$ Need Help? Read It Watch It Master It

MATLAB: An Introduction with Applications

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ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at 5% for 20 years. Use this table and give the total interest as your answer.
(Round your answers to the nearest cent.)
Monthly payment
Total interest
Need Help?
Master It
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Table 14-1: Monthly Payments to Amortize Principal and Interest per $1,000 Finan
Monthly Payments
(Necessary to amortize a loan of $1,000)
Interest
Rate (%)
5
10
15
20
25
30
35
40
Years
Years
Years
Years
Years
Years
Years
Years
3.50
18.19
9.89
7.15
5.80
5.01
4.49
4.13
3.87
3.75
18.30
10.01
7.27
5.93
5.14
4.63
4.28
4.03
4.00
18.42
10.12
7.40
6.06
5.28
4.77
4.43
4.18
4.25
18.53
10.24
7.52
6.19
5.42
4.92
4.58
4.34
4.50
18.64
10.36
7.65
6.33
5.56
5.07
4.73
4.50
4.75
18.76
10.48
7.78
6.46
5.70
5.22
4.89
4.66
5.00
18.87
10.61
7.91
6.60
5.85
5.37
5.05
4.82
5.25
18.99
10.73
8.04
6.74
5.99
5.52
5.21
4.99
5.50
19.10
10.85
8.17
6.88
6.14
5.68
5.37
5.16
5.75
19.22
10.98
8.30
7.02
6.29
5.84
5.54
5.33
6.00
19.33
11.10
8.44
7.16
6.44
6.00
5.70
5.50
6.25
19.45
11.23
8.57
7.31
6.60
6.16
5.87
5.68
6.50
19.57
11.35
8.71
7.46
6.75
6.32
6.04
5.85
6.75
19.68
11.48
8.85
7.6
6.91
6.49
6.21
6.03
7.00
19.80
11.61
8.99
7.75
7.07
6.65
6.39
6.21
7.25
19.92
11.74
9.13
7.90
7.23
6.82
6.56
6.40
7.50
20.04
11.87
9.27
8.06
7.39
6.99
6.74
6.58
7.75
20.16
12.00
9.41
8.21
7.55
7.16
6.92
6.77
8.00
20.28
12.13
9.56
8.36
7.72
7.34
7.10
6.95
8.25
20.40
12.27
9.70
8.52
7.88
7.51
7.28
7.14
8.50
20.52
12.40
9.85
8.68
8.05
7.69
7.47
7.33
8.75
20.64
12.53
9.99
8.84
8.22
7.87
7.65
7.52
9.00
20.76
12.67
10.14
9.00
8.39
8.05
7.84
7.71
9.25
20.88
12.80
10.29
9.16
8.56
8.23
8.03
7.91
9.50
21.00
12.94
10.44
9.32
8.74
8.41
8.22
8.10
9.75
21.12
13.08
10.59
9.49
8.91
8.59
8.41
8.30
10.00
21.25
13.22
10.75
9.65
9.09
8.78
8.60
8.49
10.25
21.37
13.35
10.90
9.82
9.26
8.96
8.79
8.69
10.50
21.49
13.49
11.05
9.98
9.44
9.15
8.98
8.89
10.75
21.62
13.63
11.21
10.15
9.62
9.33
9.18
9.08
11.00
21.74
13.78
11.37
10.32
9.80
9.52
9.37
9.28
11.25
21.87
13.92
11.52
10.49
9.98
9.71
9.56
9.48
11.50
21.99
14.06
11.68
10.66
10.16
9.90
9.76
9.68
11.75
22.12
14.20
11.84
10.84
10.35
10.09
9.96
9.88
12.00
22.24
14.35
12.00
11.01
10.53
10.29
10.16
10.08
12.25
22.37
14.49
12.16
11.19
10.72
10.48
10.35
10.29
12.50
22.50
14.64
12.33
11.36
10.9
10.67
10.55
10.49
12.75
22.63
14.78
12.49
11.54
11.09
10.87
10.75
10.69
13.00
22.75
14.93
12.65
11.72
11.28
11.06
10.95
10.90

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