Use PMT= P - 15 n to determine the regular payment amount, rounded to the nearest cent. The cos nt 1- 1+ home is financed with a $130,000 30-year fixed-rate mortgage at 5%. a. Find the monthly payments and the total interest for the loan. b. Prepare a loan amortization schedule for the first three months of the mortgage. a. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Use the ordinary interest method to compute the time (in years) for the loan. Round your answer up to the next highest year when necessary. Principal Rate (%) Time Interest $25,000 8.7  years $10,875

Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest cent.) $40,000 borrowed at 3% for 10 years, with monthly payments

A loan of $1,544 at 10.75% interest compounded semi-annually is to be repaid in four years in equal semi-annual payments. Complete an amortization schedule for the loan. Adjust the final payment so the balance is zero. Fill out the amortization schedule below. (Round to the nearest cent as needed. Do not include the $ symbol in your answers.) Payment Amount of Interest Applied to Balance Number Payment Payment Principal $1,544 1 2 3 4 5 6 7 8 $ $ JUL S $ $ $ S UL SA $ S $ $ $