Question
Jane Jackson is arranging to have a 6 month, $20000 loan with end of month payments. The APR is 4.5%. Complete amortization schedule as shown
Jane Jackson is arranging to have a 6 month, $20000 loan with end of month payments. The APR is 4.5%. Complete amortization schedule as shown below. Please answer the questions below.
What is Jane Jacksons monthly payment. (Enter your answer in dollars and cents, and round to the nearest cent.)
What is Jane Jacksons interest payment in the first month?
What is the repayment on the loan in month 4. Enter your answer in dollars and cents, and round to the nearest cent.
What is the future value in 5.75 years of $20,000 if the expected return is 11% APR compounded monthly?
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How To Invest Investing In Real Estate
Authors: Veronica Sylvester
1st Edition
979-8353418214
