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Business Math Please Answer Correctly! Batman wants to purchase a new motorbike for Robin for his birthday.Batman, under the guise of his alter ego, Bruce
Business Math
Please Answer Correctly!
Batman wants to purchase a new motorbike for Robin for his birthday.Batman, under the guise of his alter ego, Bruce Wayne, decides to purchases a 2020 Tomohawk so he gets a loan for $515050. Because Bruce Wayne is the owner of Wayne Tech, he wants to pay off the motorbike as fast as possible with monthly payments of $47,454.20, so he can get the bike enhanced with crime fighting gadgets.The loan that Bruce received is compounded quarterly at 6.5%.Fill in the amortization table. (Round answer to 2 decimal places) Payment Number Payment ($) Interest Portion ($) Principal Portion ($) Principal Balance ($) 0 515050.00 0000000Step by Step Solution
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