Mathematics, 17.05.2021 22:10 faith1993
12. Examine the loan amortization table for the last 5 months of a
$500,000, 15-year mortgage with an APR of 5.75%. Determine the
missing table amounts.
Monthly
Payment
Payment
Number
176
177
178
179
180
a.
Beginning
Balance
20,465.13
b.
12,337.73
8,244.79
4,132.25
Towards
Interest
98.06
78.64
Towards
Principal
4,053.99
4,073.41
4,092.93
d.
4,132.25
Ending
Balance
16,411.14
12,337.73
8,244.79
4,132.25
a.
a.
a.
C.
39.51
19.80
a.
e.
Answers: 3
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12. Examine the loan amortization table for the last 5 months of a
$500,000, 15-year mortgage with...
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