Question
A loan of 48000 is being paid monthly with a flat payment of 430, with a monthly interest rate of .00425, on the 37 payment
A loan of 48000 is being paid monthly with a flat payment of 430, with a monthly interest rate of .00425, on the 37 payment how much of the payment of 430 is composed of interest, please solve algabracaily.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
