Question
Kyle used the Quantitative Reasoning Process to createa plan to pay off his student loans of $7,680. The interest rate on his loanis2.1%annually and he
Kyle used the Quantitative Reasoning Process to createa plan to pay off his student loans of $7,680. The interest rate on his loanis2.1%annually and he plans to make monthly payments of $71.01 for 10 years. Complete months 1 and 2 ofthe amortization table below.
How much of Kyle'spayment goes toInterestin Month 2?
| Month | Beginning Balance | Payment: To Interest | Payment: To Principal | Ending Balance |
| 1 | ||||
| 2 | ?? | |||
| 3 |
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Infinity Properads And Infinity Wheeled Properads
Authors: Philip Hackney, Marcy Robertson, Donald Yau
1st Edition
3319205471, 9783319205472
