Chapter 13.4, Problem 13E

(a)

To determine

To calculate: The total payment if the amount of mortgage is $\$1,13,650$ and the interest rate is $8.2\%$ and the term given is $10$ years.

(b)

To determine

To calculate: The interest payment of the amortization if the rate (r) is given as $0.082$, the principal amount (P) is $\$1,13,650$, and the time (t) is taken as $\frac{1}{12}$.

(c)

To determine

To calculate: The principal payment of the amortization if the total payment is $\$1,390.93$, and the interest payment is $\$776.61$.

(d)

To determine

To calculate: The balance of principal of the amortization if the mortgage amount is $\$1,13,650$, and the principal payment is $\$614.32$.

(e)

To determine

The total payment of the amortization if the amount of mortgage is $\$1,13,650$ and the interest rate is $8.2\%$ and the term given is $10$ years.

(f)

To determine

To calculate: The interest payment of the amortization if the rate (r) is given as $0.082$, the principal amount (P) is $\$1,13,035.68$, and the time (t) is taken as

(g)

To determine

To calculate: The principal payment of the amortization if the total payment is $\$1,390.93$, and the interest payment is $\$772.41$.

(h)

To determine

To calculate: The balance of principal of the amortization if the mortgage amount is $\$1,13,035.68$, and the principal payment is $\$618.52$.