A machine with a cash price of $ 10,000 is sold with a down payment of $ 2,000 and 10 constant monthly installments due every 30 days. On March 3, the date on which the credit agreement was signed, the annual rate was 8% and subsequently varied from: May 16 to 7.5%; August 16 at 7%; October 16 at 6.5% and December 16 at 6%. 

Required:

Prepare the final refund table.

Answer rating: 100% (QA)

Sure here is the final refund table Date Interest Rate Monthly Payment R... View the full answer