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What is the monthly payment amount for each option? ( Round your answer to 2 decimal places. ) Monthly payment for option ( a )
What is the monthly payment amount for each option? Round your answer to decimal places.
Monthly payment for option a
Monthly payment for option b
What is the total amount of interest paid over the life of the note for each option?
Total amount of interest for option a
Total amount of interest for option b
oes the interest portion of each payment increase or decrease over time?
Does the interest portion of each payment increase or decrease over time?
Record $ cash received from the issuance of the month installment note with interest.
Record the first monthly payment of the month installment note with interest.
Select the options to display a month installment note with interest. How much of the principal amount is due after the th payment? Hint: Scroll down the Monthly Payment Schedule
Principal amount
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