Use the amortization table below to find the monthly mortgage payment for a $196,000 loan at 6.25% for 20 years. Monthly Mortgage Payment per $1000 Rate(%) 15 Years 20 Years 30 Years 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.9079 6.5996 5.3682 8.0388 6.7384 5.5220 8.1708 6.8789 5.6779 8.3041 7.0208 5.8357 8.4386 7.1643 5.9955 8.5742 7.3093 6.1572 8.7111 7.4557 6.3207 8.8491 7.6036 6.4860 8.9883 7.7530 6.6530 9.1286 7.9038 6.8218 State your answer in terms of dollars rounded to the nearest cent, but do not include a $ sign or the word "dollars" with your response.

Use the amortization table below to find the monthly mortgage payment for a $196,000 loan at 6.25% for 20 years. Monthly Mortgage Payment per $1000 Rate(%) 15 Years 20 Years 30 Years 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.9079 6.5996 5.3682 8.0388 6.7384 5.5220 8.1708 6.8789 5.6779 8.3041 7.0208 5.8357 8.4386 7.1643 5.9955 8.5742 7.3093 6.1572 8.7111 7.4557 6.3207 8.8491 7.6036 6.4860 8.9883 7.7530 6.6530 9.1286 7.9038 6.8218 State your answer in terms of dollars rounded to the nearest cent, but do not include a $ sign or the word "dollars" with your response.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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