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a. If Dave had borrowed $440 for one year at an APR of 7 percent, compounded monthly, what would have been his monthly l
Posted: Thu May 19, 2022 6:44 am
by answerhappygod
- A If Dave Had Borrowed 440 For One Year At An Apr Of 7 Percent Compounded Monthly What Would Have Been His Monthly L 1 (59.7 KiB) Viewed 33 times
a. If Dave had borrowed $440 for one year at an APR of 7 percent, compounded monthly, what would have been his monthly loan payment? Use Exhibit 1B-4. (Do not round your intermediate calculations. Round your final answer to 2 decimal places. Omit the "$" sign in your response.) PMT b. What would have been the breakdown between interest and principal of the fifth payment? Use Exhibit 1B-4. (Do not round your intermediate calculations. Round your final answers to 2 decimal places. Omit the "$" sign in your response.) Interest Principal $ $