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File | C:/Users/stars/Downl... a + A) v 4) Refer to Example 3 on Page 735 for this Question. Show all steps and draw table with
File | C:/Users/stars/Downl... a + A) v 4) Refer to Example 3 on Page 735 for this Question. Show all steps and draw table with a ruler as in the example. (15 points) Zachary has a $ 400,000 mortgage with a term of 30 years and an 8 % interest rate. Prepare an amortization schedule for the FIRST MONTH of his mortgage. 5) For credit card account, assume one month between billing dates (with the appropriate number of days) and interest of 1.1% per month on average daily balance. Find (15 points) a) the average daily balance b) Monthly Finance charge c) the account balance for the next billing cycle. Previous Balance: $1280.25 August 18 Billing date August 20 Amazon order $24.12 August 23 Returns $15.41 August 29 Beverages $31.82 September 7 Payments $72.14 September 11 Groceries $55.00 September 14 Cash advance $100.00 File | C:/Users/stars/Downl... a + A) v 4) Refer to Example 3 on Page 735 for this Question. Show all steps and draw table with a ruler as in the example. (15 points) Zachary has a $ 400,000 mortgage with a term of 30 years and an 8 % interest rate. Prepare an amortization schedule for the FIRST MONTH of his mortgage. 5) For credit card account, assume one month between billing dates (with the appropriate number of days) and interest of 1.1% per month on average daily balance. Find (15 points) a) the average daily balance b) Monthly Finance charge c) the account balance for the next billing cycle. Previous Balance: $1280.25 August 18 Billing date August 20 Amazon order $24.12 August 23 Returns $15.41 August 29 Beverages $31.82 September 7 Payments $72.14 September 11 Groceries $55.00 September 14 Cash advance $100.00
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