Question: Using the following table, calculate the missing values for Jake's 10year student loan for $19,000.00. The annual interest rate is 4.008%, compounded each month. Find
Using the following table, calculate the missing values for Jake's 10year student loan for $19,000.00. The annual interest rate is 4.008%, compounded each month. Find the data missing from the table below. Round your answers to the nearest cent.
Note: "Principal" below means the principal paid off for that period.
| Period | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | aa | bb | cc | dd |
| 2 | ee | ff | gg | hh |
a =
b =
c =
d =
e =
f =
g =
h =
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