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Posted: **Wed Jul 06, 2022 6:09 am**

: For A Fixed Principal Repayment Note With An 8 Interest Rate And Monthly Payments Use The Following Codes To Explain H 1 (219.57 KiB) Viewed 24 times

For a fixed principal repayment note with an 8% interest rate and monthly payments, use the following codes to explain how interest expense is calculated. C = cash payment E = interest expense R = reduction of principal P = principal balance © Rx8%x1/12 ORX8% OR+C O P x 8% x 1/12