**Round all answers to 2 decimal places, if necessary ** R[(1+1)" – 1] R[1-(1+i)"] FV = PV = FV(i) R= [(1+i)" - 1] (PV)
Posted: Thu May 12, 2022 2:55 pm
- Round All Answers To 2 Decimal Places If Necessary R 1 1 1 R 1 1 I Fv Pv Fv I R 1 I 1 Pv 1 (25.29 KiB) Viewed 29 times
[K2] 3. This amortization table shows the first 3 payments and the last 3 payments on a mortgage. Payment Monthly Interest Principal Outstanding number payment paid paid balance 0 $180 000.00 1 $1343.20 $976.66 $366.55 $179 633.45 2 $1343.20 $974.67 $368.53 $179 264.92 3 $1343.20 $972.67 $370.53 $178 894.39 238 $1343.20 $21.63 $1321.57 $2664.70 239 $1343.20 $14.46 $1328.74 $1335.95 240 $1343.20 $7.25 $1335.95 $0.00 a) What is the total amount paid on the mortgage? b) How much interest is paid?