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The following loan is fully amortizing. The loan amount is $ 1 0 , 0 0 0 at 3 % interest to be repaid over
The following loan is fully amortizing. The loan amount is $ at interest to be repaid over four years. Amortize this loan on a monthly basis. You are to calculate the interest portion of the fourth payment considering that an additional payment of $ was made with the second payment.
See a dew diff options here on chegg. Want the right one. Please show work so i can learn.
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