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the whole price is $34,686 the monthly payment is $722.62 and the loan has an intrest of 4.23% how do I calculate for 6 payment
the whole price is $34,686 the monthly payment is $722.62 and the loan has an intrest of 4.23% how do I calculate for 6 payment periods? and what is the total of payments made as well as how much intrest will I pay
b. Create a balance sheet for the first 6 payments Period Payment Interest Balance Unpaid Balance Reduction (payment toward principal) PMT Interest Unpaid Balance (previous balance - principal payment) 0 1 1 2 3 4 S 6 What is the total of all payments made? anStep by Step Solution
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