Make an amortization table to show the first two payments for the mortgage. Amount of Annual interest rate Years in mortgage Monthly payment mortgage $110,000 5.25% 30 S607.20 Monthly End-of-month Month Interest Principal payment principal 1 S607.20 S607.20 (Round to the nearest cent as needed.)

Find the indicated amounts for the fixed-rate mortgages. Monthly payment Mortgage per $1,000 Purchase Total Down Mortgage Interest Interest price of home payment amount paid for mortgage Years rate payment paid $85,000 $8,000 | Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. 6.00% 25 The mortgage amount is $ (Round to the nearest dollar as needed.)

Prepare an amortization schedule for the first 3 payments (in $) of a $66,000 mortgage at 5% for 20 years. Use this table. (Round your answers to the nearest cent.) Payment Number Monthly Payment Monthly Interest Portion Used to Reduce Principal Loan Balance 0       $  1 $  $  $  $  2 $  $  $  $  3 $  $  $  $   Table 14-1: Monthly Payments to Amortize Principal and Interest per $1,000 Financed Monthly Payments(Necessary to amortize a loan of $1,000) InterestRate (%) 5Years 10Years 15Years 20Years 25Years 30Years 35Years 40Years 3.50 18.19 9.89 7.15 5.80 5.01 4.49 4.13 3.87 3.75 18.30 10.01 7.27 5.93 5.14 4.63 4.28 4.03 4.00 18.42 10.12 7.40 6.06 5.28 4.77 4.43 4.18 4.25 18.53 10.24 7.52 6.19 5.42 4.92 4.58 4.34 4.50 18.64 10.36 7.65 6.33 5.56 5.07 4.73 4.50 4.75 18.76 10.48 7.78 6.46 5.70 5.22 4.89 4.66 5.00 18.87 10.61 7.91 6.60 5.85 5.37 5.05 4.82 5.25 18.99 10.73 8.04 6.74 5.99 5.52 5.21 4.99 5.50 19.10 10.85 8.17 6.88 6.14 5.68 5.37 5.16 5.75…

A fully amortizing mortgage loan is made for $84,000 at 6 percent interest for 25 years. Payments are to be made monthly. Required: a. Calculate monthly payments. b. Calculate interest and principal payments during month 1. c. Calculate total principal and total interest paid over 25 years. d. Calculate the outstanding loan balance if the loan is repaid at the end of year 10. e. Calculate total monthly interest and principal payments through year 10. f. What would the breakdown of interest and principal be during month 50?

Find the monthly payment needed to amortize a typical $220,000 mortgage loan amortized over 30 years at an annual interest rate of 5.3% compounded monthly. (Round your answers to the nearest cent.) = $ b) Find the total interest paid on the loan.   =   $

For the loan​ amount, interest​ rate, annual​ payment, and loan term shown in the following​ table, calculate the annual interest paid each year over the term of the​ loan, assuming that the payments are made at the end of each year. amount interest rate annual payment term $44,000 9% $13,581.42 4 years The portion of the payment that is applied to interest in year 1-4 is

Consider a home mortgage of $200,000 at a fixed APR of 3% for 25 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 $ (Do not round until the final answer. Then round to the nearest cent as needed.) b. The total amount paid over the term of the loan is $ (Round to the nearest cent as needed.) c. Of the total amount paid,% is paid toward is paid % toward (Round to one decimal place as needed.) the principal, the principal, and % is paid for interest. and

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Calculate the monthly principal and interest (PI), using Table 14-1 from your text, and the monthly PITI for the following mortgage, rounding to the nearest cent. Amount. Financed $122,500 Interest. Rate 10% Term of Loan 30 years Monthly PI Annual Property Tax $2,218 Annual Insurance $1,450 Monthly PITI

Make an amortization table to show the first two payments for the mortgage.   Amount of mortgage Annual interest rate Years in mortgage Monthly payment ​$407,550 5.25​% 35 ​$2122.29   Month Monthly payment Interest Principal ​End-of-month principal 1 ​$2122.29 ​$enter your response here ​$enter your response here ​$enter your response here 2 ​$2122.29 ​$enter your response here ​$enter your response here ​$enter your response here