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Please help Calculate the first 4 months of payment on this balance with an APR of 30%. The loan amount is $1,000 and your payment
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Calculate the first 4 months of payment on this balance with an APR of 30%. The loan amount is $1,000 and your payment you're making is still $15. (Use the same method as you did before to fill out this table.) Please type your answers in a different color! Month Balance Payment Interest on Balance Principal =1000(0.2)(8)-$160 1 $1,000 $15 2 $15 1 3 $15 4 $15 Step by Step Solution
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Corporate Finance For Dummies
Authors: Michael Taillard
1st Edition
1118412796, 978-1118412794
