Question
1. Suppose that you have a(n) $18,000 loan on which the bank charges you a(n) 8.21% APR, compounded monthly. You must pay the loan off
1. Suppose that you have a(n) $18,000 loan on which the bank charges you a(n) 8.21% APR, compounded monthly. You must pay the loan off over 7 years with monthly payments. How much of payment 39 is interest expense? Round your answer to two decimal places.
2. Suppose that you have a(n) $141,000 loan on which the bank charges you a(n) 4.9% APR, compounded monthly. You must pay the loan off over 30 years with monthly payments. How much of payment 161 is principal repayment? Round your answer to two decimal places.
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Fanatical Prospecting The Ultimate Guide To Opening Sales Conversations And Filling The Pipeline By Leveraging Social Selling Telephone Email Text And Cold Calling
Authors: Jeb Blount, Mike Weinberg
1st Edition
1119144752, 978-1119144755
