Complete the amortization schedule for the next two payments of a loan for 30 years at 7.5%,
Question:
Payment Number...........56
Payment Amount ..........$699.22
Interest.......................$594.67
Balance Reduction.........$104.55
Unpaid Balance............$95,042.20
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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