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).