Find the monthly payment (in $) and the total interest (in $) for a mortgage of $48,000 at 5% for 40 years. Use this table and give the total interest as your answer. (Round your answers to the nearest cent.) Monthly payment Total interest 2$
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- 1 Find the monthly payment (in $) and the total interest (in $) for a mortgage of $46,000 at 5 % for 40 years. Use this table and give the total interest as your answer. (Round your answers 4 to the nearest cent.) Monthly payment $ Total interest Need Help? Read It Watch It Master ItFind the monthly payment (in $) and the total interest (in $) for a mortgage of $46,000 at 5 3/4 % for 40 YearsUse this table to find the monthly mortgage payments, when necessary. 3 Find the total interest for a mortgage of $94,500 at 7% for 25 years. 4 O $97,000.00 O $119,542.50 O $134,602.88 $224,632.95
- The following loan is a simple interest amortized loan with monthly payments. $155,000, 9- 9-%, 30 years 2 (a) Find the monthly payment. (Give your answer to the nearest cent.) Payment $ (b) Find the total.interest for the given simple interest amortized loan. (Give your answer to the nearest cent.) Total interest | Enter a number.Years Annual interest rate financed 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 6.00% 6.25% 6.50% 6.75% 10 9.66 9.77 9.89 10.01 10.12 10.24 10.36 10.48 10.61 10.73 10.85 10.98 11.10 11.23 11.35 11.48 12 8.28 8.40 8.51 8.63 8.76 8.88 9.00 9.12 9.25 7.91 7.29 9.37 9.50 9.63 9.76 9.89 10.02 10.15 8.85 8.71 7.52 6.89 6.19 8.57 7.97 15 6.91 7.03 7.15 7.27 7.40 7.65 7.78 8.04 8.17 8.30 8.44 17 6.26 6.39 6.64 6.76 7.42 7.56 6.51 5.80 5.44 7.02 7.15 7.69 7.83 8.11 8.25 5.55 5.93 7.02 7.16 6.83 7.46 7.60 7.28 20 5.67 6.06 6.33 6.46 6.60 6.74 6.88 7.31 6.98 6.60 7.13 6.75 22 5.97 5.18 4.74 5.31 5.57 5.70 5.84 6.11 6.25 6.39 6.54 6.68 25 4.87 5.01 5.14 5.28 5.42 5.56 5.70 5.85 5.99 6.14 6.29 6.44 6.91 30 4.22 4.35 4.49 4.63 4.77 4.92 5.07 5.22 5.37 5.52 5.68 5.84 6.00 6.16 6.32 6.49 35 3.85 3.99 4.13 4.28 4.43 4.58 4.73 4.89 5.05 5.21 5.37 5.54 5.70 5.87 6.04 6.21Suppose you take out a $185,500 mortgage for 30 years at 5.15% interest. (a) Find the monthly payment on this mortgage. S (b) Fill out the first two rows of the amortization schedule below. Round your answers to the nearest dollar. Payment Number Interest Payment Principal Payment Balance of Loan 1 2 Question Help: D Video M Message instructor D Post to forum
- Prepare an amortization schedule for the first 3 payments (in $) of a $66,000 mortgage at 5% for 30 years. Use this table. (Round your answers to the nearest cent.) Payment Number Monthly Payment Monthly Interest Portion Used to Reduce Principal Loan Balance $| 1 $ $ $ $ $ $ $ Need Help? Watch It Read It Master ItHow much will you pay on a 25 year, $400,000 mortgage if you make monthly payment at the beginning of month? Interest is 3.5% compounded annually. O a. $1,968 O b. $1,973 OC. $1,979 O d. $1,997 O e. $1,991Find the indicated amounts for the fixed-rate mortgages. Monthly payment Mortgage рayment Purchase Total Down Mortgage Interest payment amount Interest price of home paid for mortgage Years rate paid per $1,000 $85,000 $8,000 6.00% 25 Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. The mortgage amount is S 77000 . (Round to the nearest dollar as needed.) The monthly payment per $1,000 is S 6.44'. (Round to the nearest cent as needed.) The monthly mortgage payment is S (Round to the nearest cent as needed.)
- Find the monthly payment (in $) and the total interest (in $) for a mortgage of $48,000 at 5 1/4% for 20 years. Use this table and give the total interest as your answer. (Round your answers to the nearest cent.) Monthly payment$ Total interest$ 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 19.22 10.98 8.30 7.02 6.29 5.84 5.54 5.33 6.00 19.33 11.10 8.44 7.16…Using this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.) AmountFinanced InterestRate Termof Loan(years) Numberof $1,000sFinanced TableFactor(in $) MonthlyPayment(in $) TotalInterest(in $) $162,300 5.25% 15 ? $ ? $ ? $ ?Find the indicated amounts for the fixed-rate mortgages. Purchase price of home Down Mortgage Interest payment amount Monthly payment Mortgage payment Total paid for mortgage Interest Years rate paid per $1,000 S130,000 | Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. 5.00% 30 The mortgage amount is $ (Round to the nearest dollar as needed.)