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To help with the startup costs of her new comic book store, Melissa is taking out a $43,000 amortized loan for 10 years at
To help with the startup costs of her new comic book store, Melissa is taking out a $43,000 amortized loan for 10 years at 7.6% annual interest. Her monthly payment for this loan is $512.66. Fill in all the blanks in the amortization schedule for the loan. Assume that each month is 12 of a year. Round your answers to the nearest cent. Payment number Interest payment Principal payment New loan balance X 1 $0 $0 $0 2 $0 $0 $42,517.82 I 1 45 $195.38 $317.28 $30,532.07 46 $0 $0 $0
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