ayment # Payment Interest Debt Payment Balance 1 1,167.34 540.54 626.80 259,873.20 2 1,167.34 539.24 628.10 259,245.10 3 1,167.34 With the exception of column one, all amounts are in dollars. Calculate the annual interest rate on this loan.
ayment # Payment Interest Debt Payment Balance 1 1,167.34 540.54 626.80 259,873.20 2 1,167.34 539.24 628.10 259,245.10 3 1,167.34 With the exception of column one, all amounts are in dollars. Calculate the annual interest rate on this loan.
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter4: Gross Income
Section: Chapter Questions
Problem 6RP
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Payment # | Payment | Interest | Debt Payment | Balance |
1 | 1,167.34 | 540.54 | 626.80 | 259,873.20 |
2 | 1,167.34 | 539.24 | 628.10 | 259,245.10 |
3 | 1,167.34 |
With the exception of column one, all amounts are in dollars. Calculate the annual interest rate on this loan.
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