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Mathematics
ryleighmullins22:

Answer the question below using the following amortization table. Month Principal Paid Interest Paid Balance 21 $654.86 $1,029.52 $172,786.91 22 $658.76 $1,025.62 $172,128.15 23 $662.69 $1,021.69 $171,465.46 24 $666.65 $1,017.73 $170,798.81 25 $670.64 $1,013.74 $170,128.17 What is the regular monthly payment? (2 points) Group of answer choices $1684.38 $1021.66 $662.72 $358.94

Morahkemz:

Regular monthly payment=principle payment +Interest payment To get the regular monthly payment, just sum the principle payment and interest payment at any point. Regular monthly payment =$654.86+$1029.52=$1684.38 Or $658.76+$1025.62=$1684.38 Regular monthly payment =$1684.38

VIBE:

First you need to comprehend that the installment incorporates Installment Premium in addition to Obligation Installment and that the Installment Equilibrium is the Credit Sum short the Obligation Installment; with this data you figure the Advance Sum that is 260,500.00 and ascertain the rate each month (utilize the premium obligation/Advance Sum) which brings about 0.2075 percent (TEM). To ascertain the yearly financing cost you utilize the recipe to change over to TEA which is ((1+TEM)^12)- 1).

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