Instructor: Bemadine Cochran Student: Roy'ce Brittentime Date: 11/18/19 Course: Contemporary College Math (B) Assignment: Homework 10.5 (FA2019) Detemine the monthly principal and interest payment for a 15-year mortgage when the amount financed is $85,000 and the annual percentage rate (APR) is 6.0% Click here for table of Monthly Payments 1. The monthly principal and interest payment is $ (Round to the nearest cent as needed.) 1: Monthly Principal and Interest Payment per $1000 of Mortgage Number of Years Rate % 10 15 25 20 30 4.0 $10.12451 $7.39688 $6.05980 $5.27837 $4.77415 4.5 10.36384 7.64993 6.32649 5.55832 5.06685 5.0 10.60655 7.90794 6.59956 5.84590 5.36822 5.5 10.85263 8.17083 6.87887 6.14087 5.67789 6.0 11.10205 8.43857 7.16431 6.44301 5.99551 6.5 11.35480 8.71107 7.45573 6.75207 6.32068 7.0 11.61085 8.98828 7.75299 7.06779 6.65302 7.5 11.87018 9.27012 8.05593 7.38991 6.99215 8.0 12.13276 9.55652 8.36440 7.71816 7.33765 8.5 12.39857 9.84740 8.67823 7.68913 8.05227 9.0 12.66758 10.14267 8.99726 8.39196 8.04623 9.5 12.93976 10.44225 9.32131 8.73697 8.40854 13.21507 10.0 10.74605 9.65022 9.08701 8.77572 10.5 13.49350 11.05399 9.98380 9.14739 9.44182 11.0 13.77500 11.36597 10.32188 9.80113 9.52323 11.5 14.05954 11.68190 10.66430 10.16469 9.90291 12.0 14.34709 12.00168 11.01086 10.53224 10.28613
Instructor: Bemadine Cochran Student: Roy'ce Brittentime Date: 11/18/19 Course: Contemporary College Math (B) Assignment: Homework 10.5 (FA2019) Detemine the monthly principal and interest payment for a 15-year mortgage when the amount financed is $85,000 and the annual percentage rate (APR) is 6.0% Click here for table of Monthly Payments 1. The monthly principal and interest payment is $ (Round to the nearest cent as needed.) 1: Monthly Principal and Interest Payment per $1000 of Mortgage Number of Years Rate % 10 15 25 20 30 4.0 $10.12451 $7.39688 $6.05980 $5.27837 $4.77415 4.5 10.36384 7.64993 6.32649 5.55832 5.06685 5.0 10.60655 7.90794 6.59956 5.84590 5.36822 5.5 10.85263 8.17083 6.87887 6.14087 5.67789 6.0 11.10205 8.43857 7.16431 6.44301 5.99551 6.5 11.35480 8.71107 7.45573 6.75207 6.32068 7.0 11.61085 8.98828 7.75299 7.06779 6.65302 7.5 11.87018 9.27012 8.05593 7.38991 6.99215 8.0 12.13276 9.55652 8.36440 7.71816 7.33765 8.5 12.39857 9.84740 8.67823 7.68913 8.05227 9.0 12.66758 10.14267 8.99726 8.39196 8.04623 9.5 12.93976 10.44225 9.32131 8.73697 8.40854 13.21507 10.0 10.74605 9.65022 9.08701 8.77572 10.5 13.49350 11.05399 9.98380 9.14739 9.44182 11.0 13.77500 11.36597 10.32188 9.80113 9.52323 11.5 14.05954 11.68190 10.66430 10.16469 9.90291 12.0 14.34709 12.00168 11.01086 10.53224 10.28613
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:Instructor: Bemadine Cochran
Student: Roy'ce Brittentime
Date: 11/18/19
Course: Contemporary College Math (B) Assignment: Homework 10.5
(FA2019)
Detemine the monthly principal and interest payment for a
15-year mortgage when the amount financed is $85,000 and
the annual percentage rate (APR) is 6.0%
Click here for table of Monthly Payments
1.
The monthly principal and interest payment is $
(Round to the nearest cent as needed.)
1: Monthly Principal and Interest Payment per $1000 of Mortgage
Number of Years
Rate %
10
15
25
20
30
4.0
$10.12451
$7.39688
$6.05980
$5.27837
$4.77415
4.5
10.36384
7.64993
6.32649
5.55832
5.06685
5.0
10.60655
7.90794
6.59956
5.84590
5.36822
5.5
10.85263
8.17083
6.87887
6.14087
5.67789
6.0
11.10205
8.43857
7.16431
6.44301
5.99551
6.5
11.35480
8.71107
7.45573
6.75207
6.32068
7.0
11.61085
8.98828
7.75299
7.06779
6.65302
7.5
11.87018
9.27012
8.05593
7.38991
6.99215
8.0
12.13276
9.55652
8.36440
7.71816
7.33765
8.5
12.39857
9.84740
8.67823
7.68913
8.05227
9.0
12.66758
10.14267
8.99726
8.39196
8.04623
9.5
12.93976
10.44225
9.32131
8.73697
8.40854
13.21507
10.0
10.74605
9.65022
9.08701
8.77572
10.5
13.49350
11.05399
9.98380
9.14739
9.44182
11.0
13.77500
11.36597
10.32188
9.80113
9.52323
11.5
14.05954
11.68190
10.66430
10.16469
9.90291
12.0
14.34709
12.00168
11.01086
10.53224
10.28613
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