Complete the following table: (Use Table 15.1.) Note: Round your intermediate calculations and final answer to...
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Complete the following table: (Use Table 15.1.) Note: Round your intermediate calculations and final answer to the nearest cent. Selling price Down payment Amount mortgage $ 124,000 $ 7,000 Rate 7.50 % Years 30 Monthly payment First Payment Broken Down Into Interest Principal Balance at end of month TABLE 15.1 Amortization table (mortgage principal and interest per $1,000) Rate 2.000 2.125 2.250 2.375 2.500 2.625 2.750 2.875 3.000 3.125 3.250 0.27083 3.375 0.28125 3.500 0.29167 3.625 0.30208 3.750 0.31250 3.875 0.32292 4.000 0.33333 4.125 4.250 4.375 4.500 4.625 4.750 4.875 5.000 5.125 5.250 5.375 5.500 5.625 5.750 5.875 6.000 6.125 6.250 6.375 6.500 6.625 6.750 6.875 7.000 7.125 7.250 7.375 7.500 Interest Only 0.16667 0.17708 0.18750 0.19792 0.20833 0.21875 0.22917 0.23958 0.25000 0.26042 7.625 7.750 7.875 8.000 0.55208 0.56250 0.57292 0.58333 0.59375 0.60417 0.61458 0.06250 10 Year 0.63542 0.64583 0.65625 0.66667 9.20135 9.25743 9.31374 9.37026 9.42699 9.48394 9.54110 6.72689 6.78622 9.59848 6.84586 9.65607 9.71388 9.77190 9.83014 9.88859 9.94725 10.00612 10.06521 15 Year 6.43509 6.49281 6.55085 6.60921 6.66789 11.41850 11.48241 11.54653 11.61085 11.67537 11.74010 6.90582 6.96609 7.02669 5.67196 4.87316 7.08760 5.73557 4.93945 7.14883 5.79960 5.00624 7.21037 5.86404 5.07352 7.27222 5.92888 5.14131 7.33440 5.99414 5.20959 10.12451 7.39688 6.05980 5.27837 0.34375 10.18403 7.45968 6.12587 5.34763 0.35417 10.24375 7.52278 6.19234 5.41738 0.36458 10.30369 6.25922 5.48761 0.37500 10.36384 6.32649 5.55832 0.38542 6.39417 5.62951 0.39583 6.46224 5.70117 0.40625 6.53070 5.77330 0.41667 6.59956 5.84590 0.42708 6.66881 5.91896 0.43750 6.73844 5.99248 0.44792 6.80847 0.45833 6.87887 0.46875 6.94966 0.47917 7.02084 0.48958 0.50000 0.51042 0.52083 0.53125 0.54167 10.42420 10.48477 10.54556 10.60655 7.90794 10.66776 10.72917 10.79079 10.85263 10.91467 10.97692 11.03938 11.10205 11.16493 11.22801 11.29130 11.35480 11.80504 11.87017 11.93552 12.00106 12.06681 12.13276 7.58620 7.64993 7.71397 7.77832 7.84297 7.97320 8.03878 8.10465 8.17083 8.23732 8.30410 8.37118 8.43857 8.50625 8.57423 8.64250 8.71107 8.77994 8.84909 8.91854 8.98828 9.05831 9.12863 9.19923 9.27101 20 Year 5.05883 9.34130 9.41276 9.48450 9.55652 5.11825 5.17808 5.23834 5.29903 5.36014 5.42166 5.48361 5.54598 5.60876 7.09238 7.16431 7.23661 7.30928 7.38232 7.45573 7.52950 7.60364 7.67814 7.75299 7.82820 7.90376 7.97967 8.05593 25 Year 4.23854 4.29966 4.36131 4.42348 4.48617 4.54938 4.61311 8.13254 8,20949 8.28677 8.36440 4.67735 4.74211 4.80738 30 Year 3.69619 3.75902 3.82246 3.88653 3.95121 4.01651 4.08241 4.14892 4.21604 4.28375 4.35206 4.42096 4.49045 4.56051 4.63116 4.70237 4.77415 4.84650 4.91940 4.99285 5.06685 5.14140 5.21647 5.29208 5.36822 5.44487 5.52204 5.59971 5.67789 5.75656 5.83573 6.06645 6.14087 6.21575 6.29106 6.36682 6.44301 6.51964 6.59669 6.67417 6.75207 6.83039 6.90912 6.98825 7,06779 7.14773 7.22807 7.30880 7.38991 7.47141 7.07794 7.55329 7.16412 7.63554 7.25069 7.71816 7.33765 5.91538 5.99551 6.07611 6.15717 6.23870 6.32068 6.40311 6.48598 6.56929 6.65302 6.73719 6.82176 6.90675 6.99215 40 Year 3.02826 3.09444 3.16142 3.22921 3.29778 3.36714 3.43728 3.50818 3.57984 3.65226 3.72541 3.79930 3.87391 3.94923 4.02526 4.10198 4.17938 4.25746 4.33620 4.41559 4.49563 4.57629 4.65758 4.73947 4.82197 4.90505 4.98870 5.07293 5.15770 5.24302 5.32888 5.41525 5.50214 5.58952 5.67740 5.76575 5.85457 5.94385 6.03357 6.12373 6.21431 6.30531 6.39672 6.48852 6.58071 6.67327 6.76620 6.85948 6.95312 Complete the following table: (Use Table 15.1.) Note: Round your intermediate calculations and final answer to the nearest cent. Selling price Down payment Amount mortgage $ 124,000 $ 7,000 Rate 7.50 % Years 30 Monthly payment First Payment Broken Down Into Interest Principal Balance at end of month TABLE 15.1 Amortization table (mortgage principal and interest per $1,000) Rate 2.000 2.125 2.250 2.375 2.500 2.625 2.750 2.875 3.000 3.125 3.250 0.27083 3.375 0.28125 3.500 0.29167 3.625 0.30208 3.750 0.31250 3.875 0.32292 4.000 0.33333 4.125 4.250 4.375 4.500 4.625 4.750 4.875 5.000 5.125 5.250 5.375 5.500 5.625 5.750 5.875 6.000 6.125 6.250 6.375 6.500 6.625 6.750 6.875 7.000 7.125 7.250 7.375 7.500 Interest Only 0.16667 0.17708 0.18750 0.19792 0.20833 0.21875 0.22917 0.23958 0.25000 0.26042 7.625 7.750 7.875 8.000 0.55208 0.56250 0.57292 0.58333 0.59375 0.60417 0.61458 0.06250 10 Year 0.63542 0.64583 0.65625 0.66667 9.20135 9.25743 9.31374 9.37026 9.42699 9.48394 9.54110 6.72689 6.78622 9.59848 6.84586 9.65607 9.71388 9.77190 9.83014 9.88859 9.94725 10.00612 10.06521 15 Year 6.43509 6.49281 6.55085 6.60921 6.66789 11.41850 11.48241 11.54653 11.61085 11.67537 11.74010 6.90582 6.96609 7.02669 5.67196 4.87316 7.08760 5.73557 4.93945 7.14883 5.79960 5.00624 7.21037 5.86404 5.07352 7.27222 5.92888 5.14131 7.33440 5.99414 5.20959 10.12451 7.39688 6.05980 5.27837 0.34375 10.18403 7.45968 6.12587 5.34763 0.35417 10.24375 7.52278 6.19234 5.41738 0.36458 10.30369 6.25922 5.48761 0.37500 10.36384 6.32649 5.55832 0.38542 6.39417 5.62951 0.39583 6.46224 5.70117 0.40625 6.53070 5.77330 0.41667 6.59956 5.84590 0.42708 6.66881 5.91896 0.43750 6.73844 5.99248 0.44792 6.80847 0.45833 6.87887 0.46875 6.94966 0.47917 7.02084 0.48958 0.50000 0.51042 0.52083 0.53125 0.54167 10.42420 10.48477 10.54556 10.60655 7.90794 10.66776 10.72917 10.79079 10.85263 10.91467 10.97692 11.03938 11.10205 11.16493 11.22801 11.29130 11.35480 11.80504 11.87017 11.93552 12.00106 12.06681 12.13276 7.58620 7.64993 7.71397 7.77832 7.84297 7.97320 8.03878 8.10465 8.17083 8.23732 8.30410 8.37118 8.43857 8.50625 8.57423 8.64250 8.71107 8.77994 8.84909 8.91854 8.98828 9.05831 9.12863 9.19923 9.27101 20 Year 5.05883 9.34130 9.41276 9.48450 9.55652 5.11825 5.17808 5.23834 5.29903 5.36014 5.42166 5.48361 5.54598 5.60876 7.09238 7.16431 7.23661 7.30928 7.38232 7.45573 7.52950 7.60364 7.67814 7.75299 7.82820 7.90376 7.97967 8.05593 25 Year 4.23854 4.29966 4.36131 4.42348 4.48617 4.54938 4.61311 8.13254 8,20949 8.28677 8.36440 4.67735 4.74211 4.80738 30 Year 3.69619 3.75902 3.82246 3.88653 3.95121 4.01651 4.08241 4.14892 4.21604 4.28375 4.35206 4.42096 4.49045 4.56051 4.63116 4.70237 4.77415 4.84650 4.91940 4.99285 5.06685 5.14140 5.21647 5.29208 5.36822 5.44487 5.52204 5.59971 5.67789 5.75656 5.83573 6.06645 6.14087 6.21575 6.29106 6.36682 6.44301 6.51964 6.59669 6.67417 6.75207 6.83039 6.90912 6.98825 7,06779 7.14773 7.22807 7.30880 7.38991 7.47141 7.07794 7.55329 7.16412 7.63554 7.25069 7.71816 7.33765 5.91538 5.99551 6.07611 6.15717 6.23870 6.32068 6.40311 6.48598 6.56929 6.65302 6.73719 6.82176 6.90675 6.99215 40 Year 3.02826 3.09444 3.16142 3.22921 3.29778 3.36714 3.43728 3.50818 3.57984 3.65226 3.72541 3.79930 3.87391 3.94923 4.02526 4.10198 4.17938 4.25746 4.33620 4.41559 4.49563 4.57629 4.65758 4.73947 4.82197 4.90505 4.98870 5.07293 5.15770 5.24302 5.32888 5.41525 5.50214 5.58952 5.67740 5.76575 5.85457 5.94385 6.03357 6.12373 6.21431 6.30531 6.39672 6.48852 6.58071 6.67327 6.76620 6.85948 6.95312
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Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
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