Use the attached amortization table to answer the following questions.

a) What is the monthly payment?

b) What is the original payment?

c) What is the interest portion of the 4th payment?

d) What is the principal portion of the 6th payment?

e) What is the balance remaining after the 2nd payment?

f) Why do the interest portion values decrease as you go down the amortization table?

Question

06-07-2024
Mathematics

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Use the attached amortization table to answer the following questions.

a) What is the monthly payment?

b) What is the original payment?

c) What is the interest portion of the 4th payment?

d) What is the principal portion of the 6th payment?

e) What is the balance remaining after the 2nd payment?

f) Why do the interest portion values decrease as you go down the amortization table?

Sagot :

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