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A $23,430 loan is to be settled by making payments of $6,998 at the end of every three months. The interest is 6.19% compounded monthly.
A $23,430 loan is to be settled by making payments of $6,998 at the end of every three months. The interest is 6.19% compounded monthly. a) Find the number of payments in the term. N b) Fill in the missing values of the amortization schedule below. Round off your answers to two decimal places. Enter a positive value for all answers. Payment Payment Number Amount($) PMT 0 1 2 3 4 LA $ LA H Interest Portion ($) INT LA SA Principal Portion ($) PRN $ 5A LA $ $ Loan Balance ($) BAL $ LA SA $23,430
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