19 a house costs 185 000 the terms of the sale are 20 down and the remainder to be paid in monthly payments for 20 years at an annual rate of 6 75 compounded monthly construct the payment schedule for the first 3 payments by filling in the table bel

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19 a house costs 185 000 the terms of the sale are 20 down and the remainder to be paid in monthly payments for 20 years at an annual rate of 6 75 compounded monthly construct the payment schedule for the first 3 payments by filling in the table bel

A house costs $185,000. The terms of the sale are 20% down and the remainder to be paid in monthly payments for 20 years at an annual rate of 6.75% compounded monthly.

Construct the payment schedule for the first 3 payments by filling in the table below

period interest cum. int. principal balance
0
1
2
3

 

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