Mr. Jones is buying a new washer/dryer for $2599 at Home Depot. There is 8.5% sales tax added to his purchase. He plans to charge this to his Home Depot credit card, which earns 19.5% APR. He wants to pay $250 per month to the credit card. Fill in the first 2 lines of the amortization table.

 

Month	Balance	Interest	Amt. Applied to Principal	New Balance
1				$2615.74
2	$2615.74			$2408.25

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Here is ... View the full answer