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To help with the startup costs of his new comic book store, Henry is taking out a $ 62,000 amortized loan for 10 years at
To help with the startup costs of his new comic book store, Henry is taking out a $ 62,000 amortized loan for 10 years at 7.4% annual interest. His monthly payment for this loan is $732.72. Fill in all the blanks in the amortization schedule for the loan. Assume that each month is of a year. Round your answers to the nearest cent. 12 Payment number Interest payment Principal payment New loan balance 1 sc si si $ 2 $ [ : . 55 $244.38 $488.34 $39,140.67 $ ] 56 si
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