Answer:
a. Calculate the monthly payment.
$ 3.101
b. Determine the total amount paid over the term of the loan.
$46.522
c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest.
Principal Interest
46.522 25.000 21.522
53.73% 46.26%
Explanation:
Loan $ 25.000
N 15
Interest: 9,0%
Monthly payment $ 3.101
Period Payment Capital Interest Loan
25.000
1 3.101 851 2.250 24.149
2 3.101 928 2.173 23.220
3 3.101 1.012 2.090 22.209
4 3.101 1.103 1.999 21.106
5 3.101 1.202 1.900 19.904
6 3.101 1.310 1.791 18.594
7 3.101 1.428 1.673 17.166
8 3.101 1.557 1.545 15.610
9 3.101 1.697 1.405 13.913
10 3.101 1.849 1.252 12.064
11 3.101 2.016 1.086 10.048
12 3.101 2.197 904 7.851
13 3.101 2.395 707 5.456
14 3.101 2.610 491 2.845
15 3.101 2.845 256 0
46.522 25.000 21.522
0,5373 0,4626