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te of $583.57 with interest at 3.6% compounded monthly. 2. Continuing with Pennyworth's regular payments of $583.57 with interest a the remaining balance of principal
te of $583.57 with interest at 3.6% compounded monthly. 2. Continuing with Pennyworth's regular payments of $583.57 with interest a the remaining balance of principal immediately after the 40th payment will be $113 a)[5] How much of the 41st payment will go to pay the interest for the 41st me How much of the 41st payment will go to reducing the principal balance? will remain immediately after payment number 41 is made? . What balance b)[6] Suppose that Pennyworth's uncle sends him $5000 at the time that payment number 40 is to be made and that Pennyworth adds this amount to his 40th payment. Now, how many additional payments of $583.57 will need to be made to pay the balance down to zero: give full decimal precision shown on your calculator display
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