Questions: The interest amount of the 9th payment is 18.00

The interest amount of the 9th payment is 18.00
Transcript text: The interest amount of the 9th payment is $\$$ $18.00$
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Solution

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Solution Steps

To determine how much of the 9th payment is interest, we need to look at the amortization table and find the interest amount listed for the 9th payment. The table provides this information directly.

Step 1: Identify the Interest Amount

From the amortization table, we locate the entry for the 9th payment. The interest amount for this payment is given directly in the table.

Step 2: State the Interest Amount

The interest amount for the 9th payment is \( 18.00 \).

Final Answer

The interest amount of the 9th payment is \\(\boxed{18.00}\\).

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