Question: For Question 9, calculate the principal repaid in the fourth payment period. Verify your answer by checking the amortization schedule. In Question 9 Hansco borrowed

For Question 9, calculate the principal repaid in the fourth payment period. Verify your answer by checking the amortization schedule.
In Question 9
Hansco borrowed $9200 paying interest at 11% compounded annually. If the loan is repaid by payments of $2000 made at the end of each year, construct an amortization schedule showing the total paid and the total interest paid.

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Use the retrospective method PV n 920000 PMT 200000 i 11 Accumulated value of principal ... View full answer

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