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What's the last row? Periodic Interest Rate $20,000 loan at 6% compounded monthly Payment of $300 every month Amortization Schedule i=mji= The last payment must

image text in transcribedWhat's the last row?

Periodic Interest Rate $20,000 loan at 6% compounded monthly Payment of $300 every month Amortization Schedule i=mji= The last payment must cover the previous principal balance, plus interest for the current period. Natch as the interest portion gets smaller with each payment. =+ Complete the last row

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