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Question 2 A $22,650 loan is to be settled by making payments of $6,967 at the end of every six months. The interest is
Posted: Sun Jul 03, 2022 12:53 pm
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- Question 2 A 22 650 Loan Is To Be Settled By Making Payments Of 6 967 At The End Of Every Six Months The Interest Is 1 (53.41 KiB) Viewed 12 times
Question 2 A $22,650 loan is to be settled by making payments of $6,967 at the end of every six months. The interest is 6.12% compounded annually. a) Find the number of payments in the term. N = b) Fill in the missing values of the amortization schedule below. Round off your answers to two decimal places. Enter a positive value for all answers. Payment Number 0 1 2 3 4 Payment Amount ($) PMT SA पी. SA $
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Question Interest Portion ($) INT LA SA A LA Principal Portion ($) PRN $ SA LA Loan Balance ($) BAL LA GA SA S $22,650