Question: Make an amortization table to show the first two payments for the mortgage. Annual interest rate Years in mortgage Monthly payment Amount of mortgage $95,000
Make an amortization table to show the first two payments for the mortgage. Annual interest rate Years in mortgage Monthly payment Amount of mortgage $95,000 5.50% 30 $539.60 Principal Month Monthly Interest payment 1 $539.60 2 $539.60 S (Round to the nearest cent as needed.) End-of- month principal $ A $
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
