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Calculating Interest Calculating Interest Scenario 1 Scenario 2 Scenario 3 Scenario 4 Principal Interest Rate Loan Date Loan Term - Years Payment Frequency Loan Type

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Calculating Interest Scenario 1 Scenario 2 Scenario 3 Scenario 4 Principal Interest Rate Loan Date Loan Term - Years Payment Frequency Loan Type - non amortizing 12,000 6% 1-Jan 4 Annual 12,000 7% 1-May 4 Quarterly 12,000 8% 1-Oct 12,000 9% 1-Dec 4 Semiannual Monthly CALCULATE Calcluate a full year of interest 720 840 960 1080 5 Calculate interest from loan date to 12/31 7 Calculate payment amount for each payment frequency

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