subject
Mathematics, 08.09.2021 07:10 tiannaetzel

An amount of $350,000 is borrowed for a period of 30 years at an interest rate of 5.5%. The amortization schedule for this loan is below. Payments of $1,987.26 are made monthly.
Payment #
Payment
Interest
Debt Payment Balance
1
1,987.26 1,604.17
383.09
2
1,987.26 1,602.41
384.85
y
у
3
1,987.26 1,600.65
386.61
N
Calculate the value of z, the balance of the loan at the end of month 3.
Round your answer to the nearest dollar.
Do NOT round until you calculate the final answer.

ansver
Answers: 3

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 19:30, dessyrob05
Factor the expression using gcf 9b+45
Answers: 2
image
Mathematics, 21.06.2019 20:30, thefish81
Interest begins accruing the date of the transaction except for auto loans mortgages credit card cash advances credit card purchases
Answers: 1
image
Mathematics, 22.06.2019 00:00, kittenface3428
28 x 12 + 34 = ? it's for a test that if i fail on i will not proceed into the honor roll society i always dreamed of!me! worth 50 !
Answers: 1
image
Mathematics, 22.06.2019 00:50, Jasten
D. in a discrete probability distribution, the sum of the probabilities for the discrete variables will be > 1. true or false
Answers: 1
You know the right answer?
An amount of $350,000 is borrowed for a period of 30 years at an interest rate of 5.5%. The amortiza...

Questions in other subjects:

Konu
Mathematics, 04.04.2021 06:50
Konu
Mathematics, 04.04.2021 06:50
Konu
Mathematics, 04.04.2021 06:50