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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Transcribed Image Text:Payment Number Amount of Payment
0|-
1 $378.24
2 $378.24
3 $378.24
4 $378.24
5 $378.24
6 $378.24
7 $378.24
8 $378.24
9 $378.24
10 $378.24
11 $378.24
12 $378.24
Amortization Table
Interest for Period
$80.00
$74.04
$67.95
$61.75
$55.42
$48.96
$42.37
$35.66
$28.80
$21.82
$14.69
$7.42
Portion 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

Transcribed Image Text: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.)
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