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The Beatty Construction Company borrowed $75,000 at 8% compounded quarterly to buy construction equipment. Payments of $955 are to be made monthly. 1. Construct
The Beatty Construction Company borrowed $75,000 at 8% compounded quarterly to buy construction equipment. Payments of $955 are to be made monthly. 1. Construct a partial amortization schedule showing the last 2 payments. 2. Determine the total amount paid to settle the loan. Show work, not just the answer. 3. Determine the total principal repaid. 4. Determine the total amount of interest paid. Show work, not just the answer. Paragraph BI UA 1. Construct a partial amortization schedule showing the last 2 payments. PMT Setting N I/Y P/Y C/Y PV PMT ...
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
