Make it Right Corp purchased a building by signing a $100,000 long term mortgage at an interest...
Make it Right Corp purchased a building by signing a $100,000 long term mortgage at an interest rate of 8%. The monthly payment is $2,500. Complete the missing information.
| Month | Payment | Interest | Principal | Balance | |
| 0 | 2,500.00 | ||||
| 1 | 2,500.00 | ||||
| 2 | 2,500.00 | ||||
| 3 | 2,500.00 | ||||
Homework Answers
| Month | Payment | Interest | Principal | Balance |
| 0 | 2500 | 0 | 2500 | 97500 |
| 1 | 2500 | 650 | 1850 | 95650 |
| 2 | 2500 | 638 | 1862 | 93788 |
| 3 | 2500 | 625 | 1875 | 91913 |
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Make it Right Corp purchased a building by signing a $100,000
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