Payment Number Amount of Payment0|-1 $378.242 $378.243 $378.244 $378.245 $378.246 $378.247 $378.248 $378.249 $378.2410 $378.2411 $378.2412 $378.24Amortization TableInterest for Period$80.00$74.04$67.95$61.75$55.42$48.96$42.37$35.66$28.80$21.82$14.69$7.42Portion to Principal Principal at End of Period$4000.00$3701.76$298.24$304.20$310.29$316.49$322.82$329.28$335.87$342.58$349.44$356.42$363.55$370.82$3397.56$3087.27$2770.78$2447.96$2118.68$1782.81$1440.23$1090.79$734.37$370.82$0.00 Use the amortization table to determine how much of the 7th payment is interest.Click the icon to view the amortization table.The interest amount of the 7th payment is $(Type an integer or a decimal.)

By using the amortization table

Answered: The interest amount of the 7th payment…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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The interest amount of the 7th payment is $ (Type an integer or a decimal.)