June and Bill Able borrow $88,700 at 3.3% APR for 20 years. Assume monthly payments and...

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June and Bill Able borrow $88,700 at 3.3% APR for 20 years. Assume monthly payments and interest compounding monthly. Calculate the monthly payment and then pepare a repayment schedule [amortization schedule] for the first two payments. What is the monthly interest rate? i% = % i= What are the monthly payments? PMT= Payment Number 0 1 2 (Write as a percent. Do NOT round.) (Write as a decimal. Do NOT round.) Complete the following table. Round all answers to the nearest cent. Interest Principal Total Payment Payment Payment $ (Use TVM Solver. Round to the nearest cent.) $ $ $ Balance of Principal $ $ 6969 $ June and Bill Able borrow $88,700 at 3.3% APR for 20 years. Assume monthly payments and interest compounding monthly. Calculate the monthly payment and then pepare a repayment schedule [amortization schedule] for the first two payments. What is the monthly interest rate? i% = % i= What are the monthly payments? PMT= Payment Number 0 1 2 (Write as a percent. Do NOT round.) (Write as a decimal. Do NOT round.) Complete the following table. Round all answers to the nearest cent. Interest Principal Total Payment Payment Payment $ (Use TVM Solver. Round to the nearest cent.) $ $ $ Balance of Principal $ $ 6969 $

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What is the monthly interest rate 1 001 Write as a percent Do NOT round 1 001 Write as a decimal Do ... View the full answer