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The problem asks to calculate the monthly payment for a loan using an amortization table, based on a loan of $350,000 at an interest rate of 6 1/2% over 25 years. However, since the amortization table isn't shown in the image, I'll explain how you can calculate the monthly payment manually using a standard mortgage formula:

The formula for the monthly payment $ M $ is:

\[
M = P \cdot \frac{r(1+r)^n}{(1+r)^n - 1}
\]

Where:
- $ P $ is the loan amount ($350,000),
- $ r $ is the monthly interest rate (annual interest rate divided by 12),
- $ n $ is the number of payments (term in years multiplied by 12).

### Step-by-step Calculation:
1. **Loan amount (P)**: $350,000.
2. **Annual interest rate (6.5%)**: Convert to a decimal: 0.065.
3. **Monthly interest rate (r)**: Divide the annual interest rate by 12:
   \[
   r = \frac{0.065}{12} \approx 0.005417
   \]
4. **Number of payments (n)**: Multiply the term in years by 12:
   \[
   n = 25 \times 12 = 300 \text{ months}
   \]
5. **Substitute into the formula**:
   \[
   M = 350,000 \times \frac{0.005417(1+0.005417)^{300}}{(1+0.005417)^{300} - 1}
   \]

Using a calculator, you can evaluate this expression to get the monthly payment.

Do you want me to calculate the final monthly payment for you?

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Let me know if you have any questions or need further explanation!

Here are 5 related questions to expand this topic:
1. How does increasing the interest rate affect the monthly payment for the same loan term?
2. What would the monthly payment be if the loan term was extended to 30 years?
3. How do changes in loan amount affect the monthly payment, assuming the same interest rate and term?
4. How is the total interest paid over the life of the loan calculated?
5. What is the difference between fixed-rate and adjustable-rate mortgages?

**Tip:** Amortization tables make it easy to see how much of each payment goes toward interest versus principal over time!

Use the real estate amortization table to find the monthly payment for a $350,000 loan at an interest rate of 6 1/2% over 25 years.

Find out how to calculate the monthly payment for a $350,000 loan at an interest rate of 6.5% over a 25-year term. This tutorial uses key amortization formulas and exponential functions, suitable for students in Grades 10-12.

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