Question
Using the following table, calculate the missing values for Jake's 15year student loan for $13,000.00. The annual interest rate is 7.288%, compounded each month.
Using the following table, calculate the missing values for Jake's 15year student loan for $13,000.00. The annual interest rate is 7.288%, compounded each month. Find the data missing from the table below. Round your answers to the nearest cent. Note: "Principal" below means the principal paid off for that period. Period Payment Interest Principal Balance 1 a b C d 2 e f g h a 118.95 * Correct. Good Job! = $ 35.61 That's not it. $83.34 d ! Not quite. = $ 1427.40 Nope. Preview $ 118.95 Preview $ 35.61 Preview $ 83.34 Preview $ 1427.40
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
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