Question
On January 1,Davidborrows $4500with a fixed interest rate on the loan of10% and a loan term of2years. He will be making monthly payments of $207.65.
On January 1,Davidborrows $4500with a fixed interest rate on the loan of10% and a loan term of2years. He will be making monthly payments of $207.65. How much ofDavid's second loan payment would be interest charged?(Round answers to 2 decimal places, e.g. 52.75.)
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Applied Regression Analysis And Other Multivariable Methods
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
5th Edition
1285051084, 978-1285963754, 128596375X, 978-1285051086
