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Determine the missing amounts in the following table. 1. Purpose Loan Balance Rate Interest Monthly Amount Amount New Payment for Interest for Principal Principal

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Determine the missing amounts in the following table. 1. Purpose Loan Balance Rate Interest Monthly Amount Amount New Payment for Interest for Principal Principal Stereo System $1,200 12% $106.56 $12.00 $94.56 a. Riding Mower 3,460 10% 207.95 a. b. C Pool Cabana 7,200 9% 329.04 a. b. C. Complete the repayment schedule for a $2,400 loan at 12% for 12 months. Repayment Schedule for a $2,400 Loan at 12% for 12 Months Payment Monthly Amount Amount New Number Payment for Interest for Principal Principal 1 $213.12 $24.00 $189.12 $2,210.88 2 213.12 22.11 191.01 2,019.87 3 213.12 20.20 192.92 1,826.95 4 213.12 18.27 194.85 1,632.10 5 213.12 16.32 196.80 1,435.30 6 213.12 14.35 198.77 a. 7 213.12 12.37 a. b. 8 213.12 a. b. C. 9 213.12 a. b. C 10 213.12 a. b. 11 213.12 a. b. c 12 a. b. C. d.

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