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Consider the following amortization schedule: Payment # Payment Interest Debt Payment Balance 1 966.45 750.00 216.45 149,783.55 2 966.45 748.92 217.53 149,566.02 3 966.45 x y z With the exception of column one, all amounts are in dollars. Calculate x. Round your answer to the nearest dollar. Do NOT round until you calculate the final answer.

User Soony
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The value of x is approximately $217.53.

To calculate the missing value x, we can use the following relationship:


\[ \text{Payment} = \text{Interest} + x \]

From the information given, we know:


\[\text{Payment} = 966.45\]


\[\text{Interest} = 748.92\]

Now, plug these values into the equation:

966.45 = 748.92 + x

Now, solve for x:

x = 966.45 - 748.92


\[x \approx 217.53\]

So, the value of x is approximately $217.53.

User Nimey Sara Thomas
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