Question: Dr. Dre borrows $5000.00 at 12%. He will pay the loan back in 5 equal payments of $1387.05. Please write the missing values in the

Dr. Dre borrows $5000.00 at 12%. He will pay the loan

Dr. Dre borrows $5000.00 at 12%. He will pay the loan back in 5 equal payments of $1387.05. Please write the missing values in the space below (6 values are missing). Principal $5,000.00 Rate 12.00% 12.00% 12.00% 12.00% 12.00% Payment 1,387.05 1,387.05 Principal Payment 787.05 Interest Payment $600.00 $505.55 $399.77 $281.30 Remaining Principal 4,212.95 3,331.46 $3,331.46 $2,344.18 $1,238.44 1,387.05 1,387.05 987.27 1,105.75 1,238.44 1,238.44

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