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To help with the startup costs of her new yoga studio, Raina is taking out a $58,000 amortized loan for 10 years at 8.3%
To help with the startup costs of her new yoga studio, Raina is taking out a $58,000 amortized loan for 10 years at 8.3% annual interest. Her monthly payment for this loan is $712.93. Fill in all the blanks in the amortization schedule for the loan. Assume that each month of a year. Round your answers to the nearest cent. 12 Payment number Interest payment Principal payment New loan balance X 5 1 $0 $ $ 2 $ $57,374.32 50 $275.90 $437.03 $39,452.62 51 $0 $ $
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