Question: I need help with the question. I keep getting these wrong based off of rounding to the nearest cent. To help buy her new condominium,

I need help with the question. I keep getting these wrong based off of rounding to the nearest cent.

To help buy her new condominium, Susan is taking out a $154,000 mortgage loan for 30 years at 3.7% annual interest. Her monthly payment for this loan is $708.84. Fill in all the blanks in the amortization schedule for the loan. Assume that each month is 12 of a year. Round your answers to the nearest cent. Payment Interest Principal New loan number payment payment balance X 5 ? $ 1 $ 1 $ 1 2 $ 1 $ 1 $ 1 . .. . .. 140 $349.86 $358.98 $113,108.33 141 $ 1 $ 1 $ 1

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!