1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mrac [35]
2 years ago
6

The following table shows the first segment of a five-year amortization schedule.

Mathematics
1 answer:
ELEN [110]2 years ago
4 0

After one year of payments, the amount need to be paid to interest is $1100.42 if the first segment of a five-year amortization schedule is a 5-year amortization schedule option (a) is correct.

<h3>What is a loan amortization schedule?</h3>

It is defined as the systematic way of representation of loan payments according to the time in which the principal amount and interest mentioned in a list manner.

We have a table given that showing a first segment of a five-year amortization schedule that has a 5-year amortization schedule and the amount of interest paid for months 1 through 12.

As the loan amount is not mentioned in the question, we are assuming the loan amount is $1184.6

Therefore, loan amount = $1184.6

The outstanding amount at the end of one year, which is 12 months, is shown in the table as $84.18

After one year of payments, the amount need to be paid to interest:

= Loan amount - Outstanding amount after 12 months

= 1184.6 - 84.18

= $1100.425

Thus, after one year of payments, the amount need to be paid to interest is $1100.42 if the first segment of a five-year amortization schedule is a 5-year amortization schedule option (a) is correct.

Learn more about the amortization schedule here:

brainly.com/question/15357884

You might be interested in
Evaluate 3^5 : 3^2 <br><br> Simplify the ratio 4:5 in the form 1:n
blondinia [14]

Answer:

Step-by-step explanation:

3⁵:3² = 3³:1 = 27:1

:::::

4:5 = 1:5/4 = 1:1.25

6 0
3 years ago
Please help me simplify 9x-3(2+4x)=
denis23 [38]
solution

1) <span>Expand
</span><span>9x−6−12x

2) </span><span>Gather like terms
</span><span>(9x−12x)−6

3) </span> <span>Simplify
</span><span><span>−3x−6</span></span>
4 0
3 years ago
Read 2 more answers
Rodger has 47 cars . Can he group the cars in more than two ways?
deff fn [24]
First of all, Rodger must be making some serious cash to have 47 cars. Going back to the question, he can not group the cars in more than 2 ways. He can only group it in 1 way, 47 groups of 1. Pls brainliest
4 0
3 years ago
a hot tub pump circulate 4 cubic feet of water per minute, how many cubic inches of water does it circulate earch minute?
Shtirlitz [24]

4 {ft  }^{3}  \times  {( \frac{12in}{ft} )}^{3}  = 6912 {in}^{3}

4 0
2 years ago
As Greg swam across an 80 - meter river, the current carried him 30 m downstream. How
Leya [2.2K]

Answer:

85.44

Step-by-step explanation: bee go buzz squared by 2

8 0
3 years ago
Other questions:
  • Sixty-five campers arrive. Nine go home early. If 8 people sleep in 1 tent, how many tents will the campers need?
    6·1 answer
  • Sennee cut a ribbon into 3 equal pieces . Then she cut 5 inches off one piece . That piece is now 3 inches long. What was the le
    13·1 answer
  • You earn $100 plus 1/5 of your sales each week. What dollar amount of sales do you need this week to earn $600?
    8·1 answer
  • 2 is 4% of what number
    14·2 answers
  • What is 0.6 of 120 really hard and i need an answer for today
    9·1 answer
  • The circumference of a soda can is 62.8 mm. Find the radius of the soda can?
    14·1 answer
  • Simplify the expression: x2+x(x-5)-x+7
    9·1 answer
  • colleen's family plans to paint the windows of their house. her father will paint twice as many windows as her mother, and Colle
    10·2 answers
  • What is an equation of the line that passes through the point (3, -8) and has a slope -2?​
    8·1 answer
  • a family of 4 went to a lacrosse game and spent a total of $74. they each had a hot dog, popcorn, and a soda. a hot dog cost $3,
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!