Question: Make an amortization table to show the first two payments for the mortgage. Amount of mortgage $85,000 Annual interest rate Years in mortgage Monthly
Make an amortization table to show the first two payments for the mortgage. Amount of mortgage $85,000 Annual interest rate Years in mortgage Monthly payment 6.00% 25 $547.40 Month Monthly End-of-month Interest Principal payment principal 1 $547.40 2 $547.40 (Round to the nearest cent as needed.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
