Review Exercises
Use Figure 10.1 on page 377 to find the (a) monthly payment, (b) total amount paid,
and (c) total interest charged.
17.
18.
19.
20.
Mortgage
Amount
Years Rate Monthly Payment Total Amount Paid Total Interest Charged
25
5.5%
a. $
83,900 20
6.0 a.
123,900
a.
156,000
a.
$ 75,500
25 6.5
30
7.5
b. $
b.
b.
b.
C. S
C.
C.
C.