Amount financed = 240,000 - 91,088 = $148,912. This is Pv. Nper = 15 years*12 =...

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Finance

Amount financed = 240,000 - 91,088 = $148,912. This is Pv. Nper= 15 years*12 = 180 and rate = 4.5%/12 Amount paid each month =PMT(4.5%/12, 180, -148912) = 1139.07 find payment number 10-100.Payment no. Loan balance at the start of the month Amount ofpayment Interest Principal paid Loan balance at the end of themonth.

6                145,986.41                        1,139.17     547.45              591.72        145,394.69
7                145,394.69                        1,139.17     545.23              593.94        144,800.75
8                144,800.75                        1,139.17     543.00              596.16        144,204.59
9                144,204.59                        1,139.17     540.77              598.40        143,606.19
10                143,606.19                        1,139.17     538.52              600.64        143,005.54

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Payment no 10 to 100 will be the same which is 113917The table will be upto 50th payment due to character limit ofthe portal    See Answer
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Amount financed = 240,000 - 91,088 = $148,912. This is Pv. Nper= 15 years*12 = 180 and rate = 4.5%/12 Amount paid each month =PMT(4.5%/12, 180, -148912) = 1139.07 find payment number 10-100.Payment no. Loan balance at the start of the month Amount ofpayment Interest Principal paid Loan balance at the end of themonth.6                145,986.41                        1,139.17     547.45              591.72        145,394.697                145,394.69                        1,139.17     545.23              593.94        144,800.758                144,800.75                        1,139.17     543.00              596.16        144,204.599                144,204.59                        1,139.17     540.77              598.40        143,606.1910                143,606.19                        1,139.17     538.52              600.64        143,005.54

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