Go back to the Standard Repayment plan in #1 above. Now pay an extra $100 per month (this gets put toward the principal),. Print out the amortization schedule and on the back of the schedule answer these questions:
1.
Write down the facts of the loan: loan amount, interest rate, extra monthly payment, length of the loan
2.
What is the total principal, interest paid?
3.
What is the last monthly payment?
4
How many payments is this loan with the additional principal?
5
How much faster was this loan than the original in #1?
6.
How much money was saved by paying $100 extra toward principal each month?
7.
What is the point?

ian gone lie this got me confused

step-by-step explanation:

question 1 is 8, question 2 is 9, question 3 is 24

step-by-step explanation:

now, the numbers they give you at the top are the key. from there, you just have to plug and chug! let's try 1, 2, and 3!

key: a=3, b=5, c=6

1. a+5

remember, a=3, so we plug that in to get 3+5=8

2. 15-c

c=6, so we plug that in to get 15-6=9

3. 4b

b=6, so we plug it in to get 4*6=24

time to try the rest on your own! if you put the answers below in a comment, i'll check them for you!

41*67/2=1373.5

step-by-step explanation:

i just used a calculator

the multiples of 15 are 15, 30,45, 60, 75, 90, 105, 120, 135, 150, 165, 180, 195,   210, 225, 240, 255, 270, 285, 300, 315, 330, 345, 360, 375,   390, 405, 420, 435, 450, 465, 480, 495, 510, 525, 540, 555, 570, 585, 600, 615, 630, 645, 660, 675, 690, 705, 720, and 735.

the factors of 15 are 1, 3, 5, and 15.

hope that , fam!

-une, your fren : )