Question: Question 5 by View 277 & ECE 207 OSE 250 Book Discord WebAssign SIE 305 Balance after 2nd month Balance after 14th month: Current Portion:

Question 5 by View 277 & ECE 207 OSE 250 Book

Question 5

by View 277 & ECE 207 OSE 250 Book Discord WebAssign SIE 305 Balance after 2nd month Balance after 14th month: Current Portion: $192,173 $144,316 $47,857 2. What is the long term portion of debt in the above problem? LT Debt: $144,316 3. ABC corp, borrows $200,000 today at an interest rate of 3.24% monthly This is an equal principal payment loan with a term of 4 years. What is the current portion of debt in the 2nd month? Principal Payment: $4,166.67 Current portion $50,000.00 4. What is the long term debt for the above? LT Debt: $141,667 5. In what month will the ABC loan payment drop below $4300? Payment = Principal + Interest 1 / 16 ViewText O FI E lip

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