Question: Complete the following amortization chart by using Table 15.1 (Round your answers to the nearest cent.) Selling price of home Down payment Principal (loan) Rate


Complete the following amortization chart by using Table 15.1 (Round your answers to the nearest cent.) Selling price of home Down payment Principal (loan) Rate of interest Years Payment per $1,000 Monthly mortgage payment $ 76,000 $ 6,000 5.0 % 30 TABLE 15-1 Amortization table (mortgage principal and interest per $1,000) INTEREST Term in years 31% 5% 51% 6% 61% 7% 72% 8% 81% 9% 10/ 10% 101% 11% 10 9.89 10.61 10.86 11.11 11.36 11.62 11.88 12.14 12.40 12.67 12.94 13.22 13.50 13.78 12 8.52 9.25 9.51 9.76 10.02 10.29 10.56 10.83 11.11 11.39 11.67 11.96 12.25 12.54 15 7.15 7.91 8.18 8.44 8.72 8.99 9.28 9.56 9.85 10.15 10.45 10.75 11.06 11.37 17 6.52 7.29 7.84 8.12 8.40 8.69 8.99 9.29 9.59 9.90 10.22 10.54 10.86 20 6.60 1.56 6.88 6.51 7.17 7.46 7.76 8.37 9.00 9.66 9.99 5.80 5.44 10.33 8.06 7.75 8.68 8.39 22 6.20 6.82 7.13 7.44 8.07 8.72 9.33 9.05 8.74 9.39 9.73 9.45 10.08 9.81 25 5.01 5.85 6.15 6.45 6.76 7.07 7.39 7.72 8.06 8.40 9.09 30 5.37 5.68 6.00 6.33 6.66 7.00 7.34 8.05 8.41 8.78 9.15 9.53 4.50 3.99 7.69 7.47 35 5.05 5.38 5.71 6.05 6.39 6.75 7.11 7.84 8.22 8.60 8.99 9.37
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