Question: Use an amortization table to solve the problem. Round to the nearest cent. The monthly payments on a $95,000 loan at 13% annual interest are

Use an amortization table to solve the problem. Round to the nearest cent. The monthly payments on a $95,000 loan at 13% annual interest are $1050.70. How much of the first monthly payment will go toward the principal? $21.53 $136.59 $914.11 $1029.17 Find the final amount (rounded to the nearest dollar) in this retirement account, in which the rate of return on the account and the regular contribution change over time. $500 per month invested at 6%, compounded monthly, for 25 years; then $2000 per month invested at 8%, compounded monthly, for 25 years. About $5,479,419 About $4,445,402 About $2,248,550 About $4,876,338
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