a) Mariah borrowed $50,000 for 30 years at 11.2 percent compounded semiannually. How much of payment 36 will go towards paying off principal?
$877.79
$745.42
$831.24
$787.16
b) Chris borrowed $52,000 for 25 years at 5.4 percent compounded monthly. What will the ending balance be after Chris has made one year of payments?
$51,074.87
$50,988.48
$50,901.70