Ted borrowed $4000 at 6% compounded monthly to purchase a used car. Payments of $475 will be
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Ted borrowed $4000 at 6% compounded monthly to purchase a used car. Payments of $475 will be made at the end of every month. There will also be a final, smaller payment. Construct the full amortization schedule for the loan. How much interest will be paid over the life of the loan?
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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