Mathematics, 11.10.2019 21:20, itsme77

The following table shows a portion of a five-year amortization schedule.
5 year amortization schedule
loan amount or principal
interest rate on loan
extra payment to principal
s 10.900.00
10.95%
s
month payment
15 s 236.72 $
16 s 236.72s
236.72 s
18 s 236.72 s
19 s 236.72 s
20 s 236.72 s
principal de interest balance
155 875 80.85 s 8.704 27
157 298 79 43/s 8546 98
158.73 77 99s 8 388 25
1 60 18 s 76 54 s 8.228 07
161.64s 75.08 $ 8.066.43
163 11 s 73 61s 7903 32
what percent of the payments made were due to interest for the months shown?
a 30.9%
226%

Answers: 3

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The following table shows a portion of a five-year amortization schedule.
5 year amortization...