MATH

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13. 1.5711.57 pdnts I Previous Answers ItiyNotes I SmithNMl2 11.6.015.CM1.

Use a calculator to evaluate the amortization formula

. {*},, m =- | 1-{t --lr-(r+r\-

\ n/j for the values of the variables P, n and f (respectively). Assunr n = 12, (Round your answer to the nearcst cent.)

$150,000; 3o/oi 2O yr

$ 831.e0 6*

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14. 011.57 poir*s I Previous Answers MyNotes I SmithNMl 2 11.6.$2.1

I Find the rmnthly paynent for the loan. (Round your answer to the nearest cent.) I

; $700 loan for 12 rmnths at LZola : $1008 x

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15, 011.57 points I PreviousArswers MyNotes I SmithNMlz 11.6.040.Ctv{.

Find the monthly paynrent for the loan. (Round your answer to the nearest cent.)

i A $128,000 honre bought with a 20olo down paynent and the balance financed ', for 30 years at 6.50/o :

; $ 213e.90 x :-,-i-

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16. -11.57 poiffis Myt{otes I SmithNMl2'11.6.042.1 i

: Find the rmnthly payrnent for the loan. (Round your answer to the nearest cent.) ,

, Finance $450,000 fora warehouse with a 7.51o/o 30-year loan ' d Y

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