Question: You qualify for a $10,000 loan from the Canada Student Loans Program to help finance your education. Once you graduate, you start repaying this note

You qualify for a $10,000 loan from the Canada Student Loans Program to help finance your education. Once you graduate, you start repaying this note payable at an interest rate of 4.8%. The monthly cash payment is $105.09, principal and interest, for 120 payments (10 years). Prepare an instalment payment schedule for the first four payments.

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