You borrowed $3000 at 9% per annum calculated on the unpaid monthly balance and agreed to repay

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You borrowed $3000 at 9% per annum calculated on the unpaid monthly balance and agreed to repay the principal together with interest in monthly payments of $500 each. Construct a complete repayment schedule.

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:45 AM

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You borrowed $3000 at 9% per annum calculated on the unpaid monthly balance and agreed to repay

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Payment number Balance before payment Amount paid Interest paid 075 Pri...View the full answer

Contemporary Business Mathematics with Canadian Applications

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