Table 14-1: Monthly Payments to Amortize Principal and Interest per $1,000 Financed Monthly Payments (Necessary to amortize a loan of $1,000) 10 5 Rate (%) Years 40 Years Interest 15 20 25 30 35 Years...

Using this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.)

(table is attached)

Amount Financed = 163,300

Interest Rate = 7.25%

Term of Loan (years) = 15

Table Factor (in $) = 9.13

Solve for the following:

Number of $1,000s Financed

Monthly Payment (in $)

Total Interest (in $)

Extracted text: Table 14-1: Monthly Payments to Amortize Principal and Interest per $1,000 Financed Monthly Payments (Necessary to amortize a loan of $1,000) 10 5 Rate (%) Years 40 Years Interest 15 20 25 30 35 Years Years 5.01 5.14 Years Years Years Years 4.13 3.50 19.19 9.89 7.15 5.80 4.49 3.87 3.75 19.30 10.01 7.27 7.40 5.93 4.63 4.28 4.03 4.00 19.42 10.12 6.05 5.28 4.77 4.43 4.18 4.25 19.53 10.24 7.52 6.19 5.42 4.92 4.58 4.34 4.50 19.64 10.36 7.65 6.33 5.56 5.07 4.73 4.50 4.75 19.76 10.48 7.78 6.46 5.70 5.22 4.89 4.66 4.82 4.99 5.00 19.87 10.61 7.91 6.60 5.85 5.37 5.05 5.25 19.99 10.73 8.04 6.74 5.99 5.52 5.21 5.50 19.10 10.85 8.17 6.88 6.14 5,68 5.37 5.16 5.75 19.22 10.98 8.30 7.02 6.29 5.84 5.54 5.33 6.00 19.33 11.10 8.44 7.16 6.44 6.00 5.70 5.50 6.25 19.45 11.23 8.57 7.31 6,60 6.16 5.87 5.68 6.50 19.57 11.35 8.71 7.46 6.75 6.32 6.04 5,85 6.75 19.68 11.48 8.85 7.6 6.91 6.49 6.21 6.03 7.00 19.80 11.61 8.99 7.75 7.07 6.65 6.39 6.21 7.25 19.92 11.74 9.13 7.90 7,23 7.39 6.82 6.56 6.40 7.50 20.04 11.87 9.27 8.06 6.99 6.74 6.58 20.16 20.28 7.75 12.00 9.41 8.21 7.55 7.16 6.92 6.77 6,95 8.00 12.13 9.56 8.36 7.72 7.34 7.10 8.25 20.40 12.27 9.70 8.52 8.68 7.88 7.51 7.28 7.14 8.50 20.52 12.40 9.85 8.05 7.69 7.47 7.33 8.75 20.64 12.53 9.99 8.84 8.22 7.87 7.65 7.52 8.05 10.14 10.29 9.00 20.76 12.67 9.00 8.39 7.84 7.71 9.25 20.88 12.80 9.16 8.56 8.23 8.03 7.91 9.50 12.94 13.08 13.22 21.00 10.44 9.32 8.74 8.41 8.22 8.10 9.75 21.12 10.59 9.49 8.91 8.59 8.41 8.30 10.00 21.25 10.75 10.90 9.65 9.09 8.78 8.60 8.49 10.25 21.37 13.35 9.82 9.26 8.96 8.79 8.69 10.50 21.49 13.49 11.05 9.98 9.44 9.15 8.98 8.89 10.75 21.62 13.63 11.21 10.15 9.62 9.33 9.18 9.08 9.37 9.56 11.00 21.74 13.78 11.37 10.32 10.49 9.80 9.52 9.28 11.25 21.87 13.92 11.52 9.98 9.71 9.48 11.50 21.99 14.06 11.68 10.66 10.16 9.90 9.76 9.68 11.75 22.12 14.20 11.84 10.84 10.35 10.09 9.96 9,89 12.00 22.24 14.35 12.00 12.16 11.01 10.53 10.29 10.16 10.08 22.37 22.50 12.25 14.49 11.19 10.72 10.48 10.35 10.29 12.50 14.64 12.33 11.36 10.9 10.67 10.55 10.49 12.75 22.63 14.78 12.49 11.54 11.72 11.09 11.29 10.87 10.75 10.69 13.00 22.75 14.93 12.65 11.05 10.95 10.90