Question
Lilly agreed to repay a loan of $23500 with payments of $450 per month. Using an interest rate of j 12 =3.6%, calculate the amount
Lilly agreed to repay a loan of $23500 with payments of $450 per month. Using an interest rate of j12=3.6%, calculate the amount of principal repaid during the second year of the loan ?
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Frank Hodge
10th edition
1259964949, 1259964947, 978-1259964947
