Ray Belfountaine buys $4,000 worth of merchandise. He agrees to pay $2000 per month on the principal.

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Ray Belfountaine buys $4,000 worth of merchandise. He agrees to pay $2000 per month on the principal. In addition, he will pay 2% per month (24% annually) on the unpaid balance. Complete the following table by listing your answers for a, b, c, d, and e. Month Unpaid Balance Interest Payment Principal Payment Total Payment New Balance 1 $4,000 a. Answer Question 13 $2,000 $2,080 b. ___________ 2 c. _________ d. ___________ $2,000 e. ____________ $0

Posted Date: May 18, 2024 02:18 PM

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Ray Belfountaine buys $4,000 worth of merchandise. He agrees to pay $2000 per month on the principal.

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