Question
If a $77,100 loan is to be paid back with end of month payments of $2,500, and the interest is at 8.8% compounded monthly, how
If a $77,100 loan is to be paid back with end of month payments of $2,500, and the interest is at 8.8% compounded monthly, how much interest will be included in the 26th payment? Round your final answer to the nearest dollar
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Accounting The Basis For Business Decisions
Authors: Robert F. Meigs, Jan R. Williams, Susan F Haka, Mark S. Bettner
International 11th Edition
007115809X, 978-0071158091
