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6. You borrow $500 at 1.5% interest rate per month. This loan is being amortized over five months with equal payments be
Posted: Mon Nov 15, 2021 4:59 pm
by answerhappygod
- 6 You Borrow 500 At 1 5 Interest Rate Per Month This Loan Is Being Amortized Over Five Months With Equal Payments Be 1 (77.4 KiB) Viewed 78 times
6. You borrow $500 at 1.5% interest rate per month. This loan is being amortized over five months with equal payments being made monthly. What is the amount of each annual payment? How would the constant amortization schedule look? Year Beginning Balance Principal Paid Interest Paid Total Payment Ending Balance 1 N 3 4 5 Totals