Question
Set-up an amortization table using the following information to answer the questions. Total Number of Months: 414 (Make sure to stop your amortization table at
Set-up an amortization table using the following information to answer the questions.
Total Number of Months: 414 (Make sure to stop your amortization table at the end of month 414.)
Balance: 2500 Interest rate: 18%
Monthly Payment: 2% of the balance but not less than $10
What is the payment amount during the last month (month 414)?
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Business And Professional Ethics
Authors: Leonard J Brooks, Paul Dunn
9th Edition
0357441885, 9780357441886
