Question

D) Suppose you begin making a monthly payment of $75.00. Fill in the table.

Month Current balance
1
2
3
4
5
6
7
8
9
10
11
12
WYPIE
$2750.00
Interest
$45.38
Payment
$75.00
$75.00
$75.00
$75.00
$75.00
$75.00
$75.00
$75.00
$75.00
$75.00
$75.00
$75.00
Amount applied to principal
$29.62

Answer 1

Explanation:

Answer:

For month 1, the current balance is $2750.00, the interest is $45.38, and the payment is $75.00. The amount applied to principal is $29.62.

For the remaining months, the interest and payment amount will stay the same, but the current balance and amount applied to principal will change based on the previous month's numbers.

Point of view:

Here's your answer but I prefer you to focus and study hard because school isn't that easy. But i'm glad I could help you!

:)