Could someone please help me with my test review? I will give a good rating!

1.Consider a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 5.00%. What portion of the payments during the first 34 months goes toward interest?

	76.00%
	73.99%

	80.59%
	75.00%

70.70%

2.What is the remaining balance on a $125,000.00 mortgage after 110 months? The mortgage is a a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 6.10%.

	$109,021
	$103,563

	$109,024
	$104,002

$107,067

3.What is the remaining balance on a $225,000.00 mortgage after 90 months? The mortgage is a a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 6.80%.

	$199,374
	$183,699

	$205,617
	$189,231

$202,560

4.What is the required monthly payment on a $310,000.00 mortgage. Assume a standard mortgage (360 months) with monthly payments. Use a nominal rate (monthly compounding) of 5.90%.

	$1,655
	$1,838

	$1,796
	$1,970

$1,755

5.Consider a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 5.50%. What portion of the payments during the first 25 months goes toward principal?

	18.53%
	20.38%

	21.66%
	20.74%

21.29%

6.What is the remaining balance on a $475,000.00 mortgage after 100 months? The mortgage is a a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 5.80%.

	$402,311
	$412,027

	$406,843
	$396,379

$435,684

7.Consider a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 6.70%. What portion of the payments during the first 30 months goes toward principal?

	15.44%
	14.80%

	15.37%
	14.62%

15.32%

8.What is the remaining balance on a $325,000.00 mortgage after 115 months? The mortgage is a a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 6.30%.

	$282,074
	$285,432

	$273,279
	$276,945

$300,156

9.What is the required monthly payment on a $510,000.00 mortgage. Assume a standard mortgage (360 months) with monthly payments. Use a nominal rate (monthly compounding) of 5.80%.

	$3,263
	$2,992

	$3,193
	$3,234

$2,888

10.Consider a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 6.20%. What portion of the payments during the first 32 months goes toward principal?

	16.73%
	15.96%

	17.59%
	15.86%

16.96%