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1. Fill in the missing information from the amortization schedule for a 3 year 1,800 loan with flat annual payments using an interest rate of
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Fill in the missing information from the amortization schedule for a 3 year 1,800 loan with flat annual payments using an interest rate of 5.45%. Answers use a comma for thousand and two decimal places, however, each submission will be graded by the instructor; therefore, your grade may change. Grading will not be done until after the submission deadline. Interest Paid Principal Paid Outstanding Balance Time Payment ( It ) (PR+ ) (OB+) 0 1,800.00 1 666.56 2 666.56 3 666.56 -0.01 Total 1,999.68You take a 100,000 loan with an interest rate of 6.0% convertible monthly for 10 years. Your options to repay the loan are: a) Level monthly payments of 1,110.21; or b) Monthly payments of 1,000.00 for 5 years and monthly payments of 1,258.85 for the remaining 5 years. What is the difference in the outstanding balance under option a) and option b) after 7 years? to 3,622.71 ('5 4,835.97 -4o7.12 AI-11,4Step by Step Solution
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