An 90000 loan is amortized by payments of $1850 at the end of every 6 months at

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An 90000 loan is amortized by payments of $1850 at the end of every 6 months at a rate of 2% compounded monthly

1. Construct a partial amortization schedule showing the last 2 payments

2. determine the total amount paid to settle the loan

3. determine the total principle repaid

4. determine the total amount of interest paid

Related Book For answer-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Posted Date: Apr 26, 2024 01:01 AM

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An 90000 loan is amortized by payments of $1850 at the end of every 6 months at

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1 For the last two payments in the partial amortization s... View the full answer

Contemporary Business Mathematics with Canadian Applications

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