Danlel and Jan agreed to pay $563,000 for a four-bedroom colonlal home In Waltham, Massachusetts, with...

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Danlel and Jan agreed to pay $563,000 for a four-bedroom colonlal home In Waltham, Massachusetts, with a $60,000 down pavment They have a 30-year mortgage at a fixed rate of 6.00%. (Use Table 15.1) How much Is their monthly payment? (Do not round Intermediate calculations. Round your answer to the nearest dollar amount.) Monthly payment b. After the first payment, what would be the balance of the principal? (Do not round Intermediate calculations. Round your answers to the nearest dollar amount.) Portion to- Balance of loan Payment number Interest Principal outstanding TABLE 15-1 Amortization table (mortgage principal and Interest por $1,000) INTEREST Term in years 5% 51% 6% 6% 7% 71% 8% 81% 9% 10% 10% 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 0,51 9.76 10,02 10 29 10,56 10,89 11.11 11.30 11.67 1106 12.25 1254 15 7.15 7.91 8.18 844 8.72 8.99 9.28 9.56 985 10.15 10.45 11.06 10.76 10.22 1137 17 6.52 7.29 784 8.12 840 8.69 8.99 929 9.59 9.00 10.54 10 86 20 5.80 G.60 6.88 717 7.46 7.76 8.06 8.37 868 9.00 933 S66 9.99 10.33 22 544 620 6.51 6.82 7.13 744 7.75 8.07 8.39 8.72 9.05 939 973 10,06 25 6.01 5,85 6,15 6.45 6,76 7,07 7.72 8 06 8.40 8.74 9.09 9.45 9,81 30 4.50 5.37 5.68 6.00 6.33 6.66 7.00 7.34 7.69 8.05 B.41 8.78 9.16 9.53 35 3.99 505 5.38 571 6.05 6.39 6.75 7:11 747 7.84 822 8.60 8.99 937 Danlel and Jan agreed to pay $563,000 for a four-bedroom colonlal home In Waltham, Massachusetts, with a $60,000 down pavment They have a 30-year mortgage at a fixed rate of 6.00%. (Use Table 15.1) How much Is their monthly payment? (Do not round Intermediate calculations. Round your answer to the nearest dollar amount.) Monthly payment b. After the first payment, what would be the balance of the principal? (Do not round Intermediate calculations. Round your answers to the nearest dollar amount.) Portion to- Balance of loan Payment number Interest Principal outstanding TABLE 15-1 Amortization table (mortgage principal and Interest por $1,000) INTEREST Term in years 5% 51% 6% 6% 7% 71% 8% 81% 9% 10% 10% 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 0,51 9.76 10,02 10 29 10,56 10,89 11.11 11.30 11.67 1106 12.25 1254 15 7.15 7.91 8.18 844 8.72 8.99 9.28 9.56 985 10.15 10.45 11.06 10.76 10.22 1137 17 6.52 7.29 784 8.12 840 8.69 8.99 929 9.59 9.00 10.54 10 86 20 5.80 G.60 6.88 717 7.46 7.76 8.06 8.37 868 9.00 933 S66 9.99 10.33 22 544 620 6.51 6.82 7.13 744 7.75 8.07 8.39 8.72 9.05 939 973 10,06 25 6.01 5,85 6,15 6.45 6,76 7,07 7.72 8 06 8.40 8.74 9.09 9.45 9,81 30 4.50 5.37 5.68 6.00 6.33 6.66 7.00 7.34 7.69 8.05 B.41 8.78 9.16 9.53 35 3.99 505 5.38 571 6.05 6.39 6.75 7:11 747 7.84 822 8.60 8.99 937

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Total amount 456300 docwn payment 60000 down CO Loon amoun... View the full answer