Assume you have taken out a 25-year loan of $177,390 with an annual interest rate of 6.72%, compounded monthly. (a) Determine the payment amount (in dollars), to the nearest cent, on the given loan amount. $1222.25 (b) Determine the outstanding balance (in dollars), to the nearest dollar, after 17 years. $

Find the total amount that must be repaid on the following note described. $8,573 borrowed at 18.5% simple interest What is the total amount to be repaid 3 years, 125 days later? (Round your answer to the nearest cent.)

Consider a student loan of $12,500 at a fixed APR of 12% for 20 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest. a. The monthly payment is S (Do not round until the final answer. Then round to the nearest cent as needed.) b The total payment over the term of the loan is $ (Round to the nearest cent as needed) c. Of the total payment over the term of the loan, % is paid toward the principal and (Round to the nearest tenth as needed ) % is paid toward interest.

Complete the following from the first three lines of an amortization schedule for the following loan:You borrow $ 210000 with an annual interest rate of 6.25% over 20 years Starting principal = $ 210000New balance after month 1 payment = New balance after month 2 payment = New balance after month 3 payment =