Savod Help Sav Problem 6-4 Calculating Instalment Loan Payments, Interest, and Principal [LO2) a Dave had borrowed $280

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Savod Help Sav Problem 6 4 Calculating Instalment Loan Payments Interest And Principal Lo2 A Dave Had Borrowed 280 1 (28.55 KiB) Viewed 103 times

Savod Help Sav Problem 6 4 Calculating Instalment Loan Payments Interest And Principal Lo2 A Dave Had Borrowed 280 2 (28.55 KiB) Viewed 103 times

Savod Help Sav Problem 6 4 Calculating Instalment Loan Payments Interest And Principal Lo2 A Dave Had Borrowed 280 3 (28.55 KiB) Viewed 103 times

Savod Help Sav Problem 6-4 Calculating Instalment Loan Payments, Interest, and Principal [LO2) a Dave had borrowed $280 for one year at an APR of 6 percent, compounded monthly, what would have been los monthly loan payment? Use Exhibit 18-4 (Do not round your intermediate calculations. Round your final answer to 2 decimal places. Omit the "$" sign in your response.) PMT b What would have been the breakdown between interest and principal of the fifth payment Use Ext. (Do not round your Intermediate calculations. Round your final answers to 2 decimal places. Omit the "S" sign in your response.) principal