Using the loan and payment plan developed in Problem 4-40 determine the month that the final payment
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Using the loan and payment plan developed in Problem 4-40 determine the month that the final payment is due, and the amount of the final payment, if $500 is paid for payment 8 and $280 is paid for payment 10. This problem requires a separate amortization table giving the balance due, principal payment, and interest payment for each period of the loan.
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Amortization schedule for a 4500 loan at 6 Paid monthly for 24 months P 4500 i 612 mo 12 per month P...View the full answer
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