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Complete the repayment schedule for a $2,400 loan at 12% for 12 months Cornplete the repayment schedule for a $2,400 loan at 1200 for 12
Complete the repayment schedule for a $2,400 loan at 12% for 12 months
Cornplete the repayment schedule for a $2,400 loan at 1200 for 12 months. 2. Repayment Schedule for a $2,400 Loan at 12% for 12 Months Payment Number 2 3 4 5 6 7 8 9 10 11 12 Monthly Payment $213.12 213.12 213.12 213.12 213.12 213.12 213.12 213.12 213.12 213.12 213.12 a. Amount for Interest $24.00 22.11 20.20 18.27 16.32 14.35 12.37 a. a. a. b. Amount for Principal $189.12 191.01 192.92 194.85 196.80 198.77 a. b. b. b. b. c. New Principal $2,210.88 2,019.87 1 ,826.95 1,632.10 1,435.30 a. b. c. c. c. c. d.
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