How did the extra, one-time payment of $100 affect the total interest Janet pays on the loan

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How did the extra, one-time payment of $100 affect the total interest Janet pays on the loan (hint: when using the Calculator for the question, be sure to remove the extra $100 payment in January 2022; otherwise, she would pay $385.05 that month)?

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Related Book For answer-question

Financial Management Theory and Practice

ISBN: 978-1305632295

15th edition

Authors: Eugene F. Brigham, Michael C. Ehrhardt

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Posted Date: Mar 09, 2023 01:13 AM

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How did the extra, one-time payment of $100 affect the total interest Janet pays on the loan

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loan we can use the loan calculator on Bankratecom as follows Input the loan details including the o... View the full answer

Financial Management Theory and Practice

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