Paying off a mortgage Repeat exercise 17, but now assume that the mortgage is 20-year mortgage for $ 80 , 000 and the annual rate is 8 % . 17 . Paying off a mortgage. Assume that you have taken out a 30-year mortgage for $ 100 , 000 at an annual rate of 6 % . a. Use Table 8.6 on page 432 to find the monthly payment for this mortgage. b. Construct the first three lines of an amortization schedule for this mortgage. c. Assume that you have decided to pay an extra $100 per month to pay off the mortgage more quickly. Find the first three lines of your payment schedule under this assumption.
Paying off a mortgage Repeat exercise 17, but now assume that the mortgage is 20-year mortgage for $ 80 , 000 and the annual rate is 8 % . 17 . Paying off a mortgage. Assume that you have taken out a 30-year mortgage for $ 100 , 000 at an annual rate of 6 % . a. Use Table 8.6 on page 432 to find the monthly payment for this mortgage. b. Construct the first three lines of an amortization schedule for this mortgage. c. Assume that you have decided to pay an extra $100 per month to pay off the mortgage more quickly. Find the first three lines of your payment schedule under this assumption.
Solution Summary: The author calculates the monthly payment for a 20-year mortgage at an annual rate of 8% and the annual interest rate r.
Paying off a mortgage Repeat exercise 17, but now assume that the mortgage is 20-year mortgage for
$
80
,
000
and the annual rate is
8
%
.
17. Paying off a mortgage. Assume that you have taken out a 30-year mortgage for
$
100
,
000
at an annual rate of
6
%
.
a. Use Table 8.6 on page 432 to find the monthly payment for this mortgage.
b. Construct the first three lines of an amortization schedule for this mortgage.
c. Assume that you have decided to pay an extra $100 per month to pay off the mortgage more quickly. Find the first three lines of your payment schedule under this assumption.
3. Let
sin (22) + cos (T2)
f(z) =
z(22 + 1)(z+1)
Compute f(z)dz over each of the contours/closed curves C1, C2, C3 and C4 shown
below.
L
10
-C
x
Don't use any Al tool
show ur answer
pe
n and paper then take
what is the slope of the linear equation-5x+2y-10=0
1. Evaluate
(2,5)
(3x+y)dx+(2y-x)dy
(0,1)
(i) along the straight lines from (0, 1) to (2, 1) and then from (2, 1) to (2,5), and (ii)
along the parabola y = x² + 1.
Don't use any Al tool
show ur answer in pe
n and paper then take
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