Calculate and print out the balance due, principal payment, and interest payment for each period of a
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Calculate and print out the balance due, principal payment, and interest payment for each period of a used-car loan. The nominal interest is 12% per year compounded monthly. Payments are made monthly for 3 years. The original loan is for $11,000.
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Payment 11K AP 1 36 11K 00332 3652 365357 for exact calculations Month 1 Interest 36536 ...View the full answer
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