Question: tion 8 Loan payment ( amortization ) : the beginning balance shows $ 1 0 0 0 0 and interest rate is 1 5 %

tion 8
Loan payment (amortization): the beginning balance shows $10000 and interest rate is 15% with compounding quarterly. What is your interest payment for the first period? Type a whole dollar.
Selected Answer:
1600
tion 8 Loan payment (amortization): the beginning balance shows $10000 and

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