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2. Cindy takes out a loan for $10,000 for 36 months at an interest rate of 8.15%. The amortization table for the first year is
2. Cindy takes out a loan for $10,000 for 36 months at an interest rate of 8.15%. The amortization table for the first year is shown below. How much are her monthly payments?
Client Contacts 60 55 50 45 40 35 90 Jan Feb Mar Apr May Jun Jul Jasmine -Manual GregClient Contacts 60 55 50 45 40 35 30 Jan Feb Mar Apr May Jun Jul -Jasmine -Manual GregDate Interest Principal Balance Jan, 2018 $68 5246 $9.754 Feb. 2018 $66 5248 $9.506 Mar, 2018 $65 5249 59.257 Apr, 2018 $63 $251 $9,005 May, 2018 $61 $253 $6,752 Jun, 2018 $59 $255 $8,498 JUL 2018 158 5256 $8.242 Aug. 2018 $56 5258 $7,983 Sep, 2018 $54 $260 $7,724 Oct 2018 $52 $262 $7 462 Nov. 2018 $51 5263 $7,199 Dec, 2018 $49 5265 $6.933 2018 $702 $3,067 $6,933Step by Step Solution
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