Help in math

Mathematics
Tutor: None Selected Time limit: 1 Day

Nov 3rd, 2015

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a)We have the monthly payment as $554.80

Interest rate=5.75%,So interest per month =5.75/1200 =.0047916

Now the interest=.0047916*95000 =$455.21

Principal for the first month =Monthly payment-Interest=$554.80-$455.21=$99.59

End of principal month =$95000-$99.59=$94900.41

For the second month ,

Interest rate =.0047916

Interest payment=.0047916*94900.41 =$454.73

Principal amonut=Monthly payment-Interest=$554.80-$454.73 =$100.07

End of principal month=$94900.41-$100.07=$94800.34

So the table is


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Nov 3rd, 2015

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