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Following shows the loan amortization table for month 1 of the loan repayment. Find the ending balance. Month BEG bal Total PMT Principal Interest End
Following shows the loan amortization table for month 1 of the loan repayment. Find the ending balance.
Month | BEG bal | Total PMT | Principal | Interest | End bal |
1 | 460,000.00 | 3,402.56 | ? | 1,533.33 | ??? |
a.
$458,466.67
b.
$458,130.77
c.
$460,000.00
d.
$456,597.44
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