Question
For questions 12 through 14, construct the partial amortization schedule indicated and calculate the total principal and interest portions represented by the partial schedule. 14.
For questions 12 through 14, construct the partial amortization schedule indicated and calculate the total principal and interest portions represented by the partial schedule.
14. Ron and Natasha had Oasis Leisure and Spa install an in-ground swimming pool for $51,000. The financing plan through the company allows for end-of-month payments for two years at 6.9% compounded quarterly. Ron and Natasha instruct Oasis to round their monthly payment upward to the next dollar amount evenly divisible by $500. Create a schedule for the first three payments, payments seven through nine, and the last three payments.
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