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Repayment schedule for an $1135.00 loan at 12% for 5 months but you decided to pay off the loan in the third month. COMPUTE the
Repayment schedule for an $1135.00 loan at 12% for 5 months but you decided to pay off the loan in the third month. COMPUTE the final payment of your loan. BALANCE #of Monthly payment payment Amount for Interest Amount for Principal $1135.00 $ $ $ 1 $ 310.50 7 $ $ $ 2 N 310.50 FINAL PAYMENT = previous balance + current month's interest Current Month's Interest = $ Previous Balance = $ Final Payment = $
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