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15. Complete the equal payments three-year amortization table. Beginning Interest Year Principal Payment Expense 1 $6,000.00 $480.000 2 $2,328.20 3 $2,155.74 Principal Reduction Ending Principal
15. Complete the equal payments three-year amortization table. Beginning Interest Year Principal Payment Expense 1 $6,000.00 $480.000 2 $2,328.20 3 $2,155.74 Principal Reduction Ending Principal $4,151.80 $1,996.06 What is total interest expenses paid for 3 years in the nearest dollars)? 1 9955 $6,000 OO $6,984 4 $1,020 $ $985
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Investments An Introduction
Authors: Herbert B Mayo
10th Edition
0538452099, 9780538452090
