Question
Keith purchased a machine for $29,500 for his company. He paid 5.00% of this amount as a down payment and financed the rest at 7.82%
Keith purchased a machine for $29,500 for his company. He paid 5.00% of this amount as a down payment and financed the rest at 7.82% compounded monthly. He paid $1,125 at the end of every month to settle the loan.
a. What was the principal portion of payment number 4?
b. What was the interest portion of payment number 4?
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Crime And Punishment In The Future Internet
Authors: Sanja Milivojevic
1st Edition
036746800X, 978-0367468002
