+ Dejardines Financial has provided a $53,217 loan to Your Finished Inc. that earns interest at...
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+ Dejardines Financial has provided a $53,217 loan to Your Finished Inc. that earns interest at a rate of 6.5% compounded monthly. The loan is to be paid back in equal payments at the end of each month over a three- year term. In addition to the amortization schedule, how much interest was paid over the life of the loan? Complete the amortization table for the 3 years of the loan. N I/Y C/Y P/Y PV PMT FV i = N Starting Balance Interest Ending Amount Payment Balance + Dejardines Financial has provided a $53,217 loan to Your Finished Inc. that earns interest at a rate of 6.5% compounded monthly. The loan is to be paid back in equal payments at the end of each month over a three- year term. In addition to the amortization schedule, how much interest was paid over the life of the loan? Complete the amortization table for the 3 years of the loan. N I/Y C/Y P/Y PV PMT FV i = N Starting Balance Interest Ending Amount Payment Balance
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