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 15:50, shamiahG
Which statement accurately explains whether a reflection over the x-axis and a 180° rotation would map figure acb onto itself?
Answers: 2
image
Mathematics, 21.06.2019 20:00, Enaszr9657
Two line segments are shown in the figure below. suppose that the length of the line along the x-axis is 6, and the length of the hypotenuse of the triangle is 10. what is the equation of the hypotenuse line (shown in red, below)?
Answers: 3
image
Mathematics, 22.06.2019 03:00, Alizerodriguez2010
Rectangle abcd is similar to rectangle rstu . what is the scale factor of a dilation from abcd to rstu ? enter your answer in the box.
Answers: 2
image
Mathematics, 22.06.2019 04:00, nevelle
Renee hiked for 6 3 /4 miles. after resting, renee hiked back along the same route for 5 1 /4 miles. how many more miles does renee need to hike to return to the place where she started? represent your answer as a simplified mixed number, if necessary.
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, 16.10.2020 16:01
Konu
Mathematics, 16.10.2020 16:01