Using this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.)

Amount Financed=$164,300

Interest Rate= 7.25%

Term of Loan (years)=15

Number of $1,000s Financed=?

Table Factor (in $) =?

Monthly Payment (in $) =?

Total Interest (in $) ?$

Table 14-1: Monthly Payments to Amortize Principal and Interest per $1,000 Financed

Monthly Payments (Necessary to amortize a loan of $1,000)

Interest Rate (%)	5 Years	10 Years	15 Years	20 Years	25 Years	30 Years	35 Years	40 Years
3.50	18.19	9.89	7.15	5.80	5.01	4.49	4.13	3.87
3.75	18.30	10.01	7.27	5.93	5.14	4.63	4.28	4.03
4.00	18.42	10.12	7.40	6.06	5.28	4.77	4.43	4.18
4.25	18.53	10.24	7.52	6.19	5.42	4.92	4.58	4.34
4.50	18.64	10.36	7.65	6.33	5.56	5.07	4.73	4.50
4.75	18.76	10.48	7.78	6.46	5.70	5.22	4.89	4.66
5.00	18.87	10.61	7.91	6.60	5.85	5.37	5.05	4.82
5.25	18.99	10.73	8.04	6.74	5.99	5.52	5.21	4.99
5.50	19.10	10.85	8.17	6.88	6.14	5.68	5.37	5.16
5.75	19.22	10.98	8.30	7.02	6.29	5.84	5.54	5.33
6.00	19.33	11.10	8.44	7.16	6.44	6.00	5.70	5.50
6.25	19.45	11.23	8.57	7.31	6.60	6.16	5.87	5.68
6.50	19.57	11.35	8.71	7.46	6.75	6.32	6.04	5.85
6.75	19.68	11.48	8.85	7.6	6.91	6.49	6.21	6.03
7.00	19.80	11.61	8.99	7.75	7.07	6.65	6.39	6.21
7.25	19.92	11.74	9.13	7.90	7.23	6.82	6.56	6.40
7.50	20.04	11.87	9.27	8.06	7.39	6.99	6.74	6.58
7.75	20.16	12.00	9.41	8.21	7.55	7.16	6.92	6.77
8.00	20.28	12.13	9.56	8.36	7.72	7.34	7.10	6.95
8.25	20.40	12.27	9.70	8.52	7.88	7.51	7.28	7.14
8.50	20.52	12.40	9.85	8.68	8.05	7.69	7.47	7.33
8.75	20.64	12.53	9.99	8.84	8.22	7.87	7.65	7.52
9.00	20.76	12.67	10.14	9.00	8.39	8.05	7.84	7.71
9.25	20.88	12.80	10.29	9.16	8.56	8.23	8.03	7.91
9.50	21.00	12.94	10.44	9.32	8.74	8.41	8.22	8.10
9.75	21.12	13.08	10.59	9.49	8.91	8.59	8.41	8.30
10.00	21.25	13.22	10.75	9.65	9.09	8.78	8.60	8.49
10.25	21.37	13.35	10.90	9.82	9.26	8.96	8.79	8.69
10.50	21.49	13.49	11.05	9.98	9.44	9.15	8.98	8.89
10.75	21.62	13.63	11.21	10.15	9.62	9.33	9.18	9.08
11.00	21.74	13.78	11.37	10.32	9.80	9.52	9.37	9.28
11.25	21.87	13.92	11.52	10.49	9.98	9.71	9.56	9.48
11.50	21.99	14.06	11.68	10.66	10.16	9.90	9.76	9.68
11.75	22.12	14.20	11.84	10.84	10.35	10.09	9.96	9.88
12.00	22.24	14.35	12.00	11.01	10.53	10.29	10.16	10.08
12.25	22.37	14.49	12.16	11.19	10.72	10.48	10.35	10.29
12.50	22.50	14.64	12.33	11.36	10.9	10.67	10.55	10.49
12.75	22.63	14.78	12.49	11.54	11.09	10.87	10.75	10.69
13.00	22.75	14.93	12.65	11.72	11.28	11.06	10.95	10.90