Question: Presented below is a partial amortization schedule for a three - year installment note requiring monthly payments of $ 1 , 2 7 1 .
Presented below is a partial amortization schedule for a threeyear installment note requiring monthly payments of $
What is the principal amount of the note?
What is the total number of monthly payments?
What is the total cash paid over the entire period of the note? Round your answer to decimal places.
What is the total amount of interest paid over the entire period of the note? Do not round your intermediate calculations. Round
your answer to decimal places.
The portion of the monthly payment that reduces the carrying value increasesdecreases over time.
Principal amount
Total number of monthly payments
Total cash paid
Total amount of interest paid
The portion of the monthly payment that reduces the carrying value increasesdecreases over time.
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