Consider a three year, uniform-payment, amortizing mortgage of $50,000, with annual payments of $20,105.74 and 10%...

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Consider a three year, uniform-payment, amortizing mortgage of $50,000, with annual payments of $20,105.74 and 10% annual interest. Quantity Year O 1 2 3. BOP Balance NA 50,000.00 Loan Payment NA 20,105.74 20,105.74 20,105.74 Interest portion NA 5,000.00 Amortization NA EOP Balance 50,000.00 34,894.26 D Question 1 1 pts What is the amount amortized in year 1 (in the EOY 1 payment)? Round your answer to zero decimal places. Write your answer as a positive number. D Question 2 1 pts What is the interest portion of the Year 2 (Y2) payment? Round your answer to zero decimal places. Write your answer as a positive number. D Question 3 1 pts What is the EOP Balance for Year 2? Round your answer to zero decimal places. Write your answer as a positive number. D Question 4 1 pts What is the EOP Balance for Year 3? Round your answer to zero decimal places. Consider a three year, uniform-payment, amortizing mortgage of $50,000, with annual payments of $20,105.74 and 10% annual interest. Quantity Year O 1 2 3. BOP Balance NA 50,000.00 Loan Payment NA 20,105.74 20,105.74 20,105.74 Interest portion NA 5,000.00 Amortization NA EOP Balance 50,000.00 34,894.26 D Question 1 1 pts What is the amount amortized in year 1 (in the EOY 1 payment)? Round your answer to zero decimal places. Write your answer as a positive number. D Question 2 1 pts What is the interest portion of the Year 2 (Y2) payment? Round your answer to zero decimal places. Write your answer as a positive number. D Question 3 1 pts What is the EOP Balance for Year 2? Round your answer to zero decimal places. Write your answer as a positive number. D Question 4 1 pts What is the EOP Balance for Year 3? Round your answer to zero decimal places.

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1 Amount amortized in yr 1 2010574 5000 1510574 15106 Zero ... View the full answer