Question 13 Of 13 Gregory And Katherine Purchased Some Equipment For 93 500 And Paid 21 Of The Value As A Down Paymen 1 (75.64 KiB) Viewed 34 times
Question 13 Of 13 Gregory And Katherine Purchased Some Equipment For 93 500 And Paid 21 Of The Value As A Down Paymen 2 (75.64 KiB) Viewed 34 times
Question 13 of 13 Gregory and Katherine purchased some equipment for $93,500, and paid 21% of the value as a down payment. They received a small business loan for the balance at 9.65% compounded annually. They had to make payments of $3,281.46 at the end of every month to settle the loan. a. How many payments were made? A full solution for the number of payments should be shown. Submit your solution. payments Round up to the next payment period b. Fill in the partial amortization schedule for the first two payments, the last two payments, including the previous principal balance, and all totals. No work needs to be shown. Enter the value directly into the schedule. Payment Payment Number Interest Portion Principal Portion Principal Balance Orce
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