Business
Business, 14.02.2020 17:24, kaylynnbryner04

Consider the following monthly amortization schedule: Payment # Payment Interest Debt Payment Balance 1 1,167.34 540.54 626.80 259,873.20 2 1,167.34 539.24 628.10 259,245.10 3 1,167.34 x y z With the exception of column one, all amounts are in dollars. Calculate the annual interest rate on this loan. Give your answer to the nearest hundredth percent. Do not include the % sign in your response.

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Consider the following monthly amortization schedule: Payment # Payment Interest Debt Payment Balanc...

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