060237rr business and finance basics, part 2 1. what does an amortization schedule show? a. the balance of interest outstanding b. the increase to principal . the portion of payment broken down to interest and principal d. the increase in loan outstanding 2. with a mortgage of $48,000 for 15 years with a rate of 11%, what are the total finance charges? . $50,236.80 b. $545.76 c. $5,023.68 d. $54,576 3. darlene ramirez bought a home for $140,000. she put 20% down with a mortgage rate of 7.5% for 25 years. her yearly payments are a. $1,776. $9,932.16. c. $9,329.61. d. $12,415.20. 4. justin chan bought a scion car for $8,200, putting down $800 and financing the remainder with 60 monthly payments of $179.99. using the tables found in your textbook, the apr by table lookup is a. close to 15 percent b. close to 13½ percent . between 16.00 and 16.25 percent d. close to 14 percent 5.