Solve the problem.By completing the first two months of the amortization schedule for the following fixed rate mortgage, determine the balance of principal at the end of the second month.Mortgage: $127,800Interest rate: 9.5%Term of loan: 25 yearsAmortization SchedulePayment Total Interest Principal Balance ofNumber Payment Payment Payment Principal 1 ______ _____ _____ _____ 2 ______ _____ _____ _____You will need the following table of monthly payments:?Monthly Payments to Repay Principal and Interest on a $1000 Mortgage Term of Mortgage (Years)
A. $127,461.70
B. $127,695.17
C. $127,589.50
D. $126,789.08
Answer: C
Mathematics
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A. 1
B.
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D. 4
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A. If I diet, then I gain weight. B. If I lose weight, then I'll diet. C. If I don't diet, then I won't lose weight. D. If I diet, then I'll lose weight.
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A. 9
B. 128
C.
D.
Mathematics