Mathematics, 25.03.2021 15:30, curtisepps
Complete the repayment schedule for a $2,400 loan at 12 percent for 6 months. Payment Number Amount for Interest Amount for Principal Payment New Principal $ 2,010.00 $ 414.00 1 $ 390.00 $ 24.00 2 414.00 20.10 3 414.00 4 414.00 5 414.00 6 Patricia Nichols took out a $4,000 simple interest loan at 12 percent for 12 months. After 5 payments, the balance was $2,392.16. She pays off the loan when the
next payment is due. a. What is the current month's interest? What is the final pay
ment?
Answers: 3
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Complete the repayment schedule for a $2,400 loan at 12 percent for 6 months. Payment Number Amount...
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