Question
A $30,000 loan at 6.7% compounded annually requires monthly payments of $450.(Round your answer to 2 decimal places.) A. Calculate the interest component of Payment
A $30,000 loan at 6.7% compounded annually requires monthly payments of $450.(Round your answer to 2 decimal places.)
A. Calculate the interest component of Payment 29.Interest component $_____
B. Calculate the principal component of Payment 65.Principal component $_____
C. Calculate the final payment.Final payment $_____
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
