Question: Using the loan and payment plan developed in Problem 4-40 determine the month that the final payment is due, and the amount of the final

Using the loan and payment plan developed in Problem 4-40 determine the month that the final payment is due, and the amount of the final payment, if $500 is paid for payment 8 and $280 is paid for payment 10. This problem requires a separate amortization table giving the balance due, principal payment, and interest payment for each period of the loan.

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