Bob Katz is purchasing a new Honda Pilot for $35,000.He is financing $30,000 with a six year,
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Question:
Bob Katz is purchasing a new Honda Pilot for $35,000.He is financing $30,000 with a six year, 4% loan with annual payments. Construct an amortization schedule, in the 2nd year row, corresponding to his second annual payment, what is the dollar amount of the principal reduction?
$5018
$4630
$4939
$4704
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