Question

Answer the question below using the following amortization table.


Month Principal Paid Interest Paid Balance
21 $737.19 $1,099.68 $191,110.67
22 $741.43 $1,095.44 $190,369.24
23 $745.70 $1,091.17 $189,623.54
24 $767.99 $1,068.88 $188,855.55
25 $754.30 $1,082.57 $188,101.25


What is the regular monthly payment?
$331.85
$1836.87
$1084.66
$752.21<---my response

Answer 1

Is it right @bohotness

Answer 2

i think so

Answer 3

what about you @OOOPS

Answer 4

I don't know stats. I am sorry.

Answer 5

Its ok

Answer 6

@SolomonZelman do you know about this topic?

Answer 7

@pooja195 Can you check this last one for me?

Answer 8

i got the answer now:3

Answer 9

Was it the one I chose?

Answer 10

@bohotness

Answer 11

your right :3

Answer 12

ok thank you @bohotness

Answer 13

how did you solve it @bohotness

Answer 14

if i show its really confusing and i pretty sure you have the answer

Answer 15

show it to me @bohotness

Answer 16

k

Answer 17

okay hold on i need to type this out

Answer 18

k

Answer 19

Its ok its fine you do not need to type it out

Answer 20

I just need to know if you reached the same answer as i did @bohotness

Answer 21

k

Answer 22

@gabylovesu

Answer 23

how did you arrive at the answer?

Answer 24

Hint:
read carefully the column headings and find out how much the person paid per month:
"Month Principal Paid Interest Paid Balance"