Question
Consider the following amortization schedule: Payment#. Payment. Interest. Debt Payment. Balance. 1. 1,167.34 540.54 626.80 259,873.20 2. 1,167.34 539.24 628.10 259,245.10 3 1,167.34 x y
Consider the following amortization schedule:
Payment#. Payment. Interest. Debt Payment. Balance.
1. 1,167.34 540.54 626.80 259,873.20
2. 1,167.34 539.24 628.10 259,245.10
3 1,167.34 x y z
With the exception of column one, all amounts are in dollars. Calculate x. Round your answer to the nearest dollar. Do NOT round until you calculate the final answer.
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Business Finance
Authors: Brian Watts
8th Edition
0712110720, 978-0712110723
