Prepare an amortization schedule showing the first four payments for the loan.Mary finances $150,000 towards the purchase of a new home through a 20-year mortgage. The interest rate applied to the monthly unpaid balance is 7%Payment NumberAmount of PaymentInterest for PeriodPortion to Principal Principal at End of Period1????2????3????4????
What will be an ideal response?
| Payment Number | Amount of Payment | Interest for Period | Portion to Principal | Principal at End of Period |
| 1 | 1162.95 | 875.00 | 287.95 | 149,712.05 |
| 2 | 1162.95 | 873.32 | 289.63 | 149,422.42 |
| 3 | 1162.95 | 871.63 | 291.32 | 149,131.10 |
| 4 | 1162.95 | 869.93 | 293.02 | 148,838.08 |
You might also like to view...
Evaluate the integral using the given substitution.
, u = cot 6?
A. 
csc3 6? cot2 6? + C
B. 
cot2 ? + C
C. - 
tan2 6? + C
D. - 
cot2 6? + C
Factor completely. If the polynomial is prime, state so.20x2 - 60x3 + 45x4
A. prime B. 5x2(3x + 2)2 C. 5x2(3x + 2)(3x - 2) D. 5x2(3x - 2)2
Find the expected value.Mr. Cameron is sponsoring an summer concert. He estimates that he will make $300,000 if it does not rain and make $60,000 if it does rain. The weather bureau predicts the chance of rain is 0.34 for the day of the concert. An insurance company is willing to insure the concert for $150,000 against rain for a premium of $30,000. If he buys this policy, what are his expected earnings from the concert?
A. $180,000 B. $300,000 C. $270,000 D. $239,400
Find a parametric description of the line segment from point P to point Q. The solution is not unique.P(-5, 8) Q(4, 5)
What will be an ideal response?