4. You borrow $2500 at 5.86%, compounded quarterly. You make regular monthly payments of 5300. a)...

 

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4. You borrow $2500 at 5.86%, compounded quarterly. You make regular monthly payments of 5300. a) Create an amortization table to show the loan. (3) Payment Period Payment (S) Interest Paid Principal Paid (S) Balance (S) b) How much interest do you end up paying? 11) 5. You are buying a house that costs 5298 000. You will finance the purchase with a 25-year mortgage with an interest rate of 2.75N, compounded quarterly. You must make a down payment of BN a) How much is the down payment? (1) b) How much will your monthly mortgage payments be? () Mow much will you and up paying for the house overal? ) 4. You borrow $2500 at 5.86%, compounded quarterly. You make regular monthly payments of 5300. a) Create an amortization table to show the loan. (3) Payment Period Payment (S) Interest Paid Principal Paid (S) Balance (S) b) How much interest do you end up paying? 11) 5. You are buying a house that costs 5298 000. You will finance the purchase with a 25-year mortgage with an interest rate of 2.75N, compounded quarterly. You must make a down payment of BN a) How much is the down payment? (1) b) How much will your monthly mortgage payments be? () Mow much will you and up paying for the house overal? )

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4 a Pyment periodPaymentsInterest paidPrincipal paidBalance 02500 1 month30012... View the full answer