Question: 111 Homework: Homework #3 Question 8, Problem 3-48 (algorithmic) Part 4 of 5 An automobile loan of $29,000 at a nominal rate of 8% compounded

111 Homework: Homework #3 Question 8, Problem 3-48 (algorithmic) Part 4 of 5 An automobile loan of $29,000 at a nominal rate of 8% compounded monthly for 48 months requires equal end-of-month payments of $707.97 ETTS HW Score: 63.33%, 6.33 of 10 points O Points: 0 of 1 Complete the table below, as you would expect a bank to calculate the values (Round to the nearest cent.) Repayment of Remaining Loan Principal $ 514.6 $518.07 Balance $28,485.36 $ 27967.29 $ 557.35 $ 22.035.46 $15.653.83 End of Month Interest Payment (n) 1 2 13 24 $ 193.3 $ 190 $150.62 Saw

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