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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
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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