Examine the loan amortization table for a $210,000, 15 year mortgage with an APR of 6%. The

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Examine the loan amortization table for a $210,000, 15 year mortgage with an APR of 6%. The borrower paid an extra $100 each month towards the principal. Determine the missing amounts.

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Question Posted: Apr 14, 2016 05:03 AM

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Examine the loan amortization table for a $210,000, 15 year mortgage with an APR of 6%. The

Question:

Payment Beginning Monthly Extra TowardsTowards Ending Number BalancePayment PaymentInterestPrincipalBalance 1210,000.00 a. 100.00 1,050.00 822.10 209,177.90 2 3 208,351.69 a. 4 207,52135 a. 5 206,686.86 . 100.00 1,033.43 838.67205,848.19 b. a 1,045.89 826.21 C. d. 830.34 207,521.35 100.00 1,037.61e

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a b B 2 E 1 20917790 c E 2 2091779...View the full answer

Financial Algebra advanced algebra with financial applications

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