Given the annual interest rate and a line of an amortization schedule for that loan, complete the next line of the schedule. Assume that payments are made monthly. Annual Interest Rate Payment Interest Paid Paid on Principal Balance 5.4% $289.80 $21.30 $268.50 $4,464.20 Fill out the amortization schedule below. Annual Interest Rate Payment Interest Paid Paid on Principal Balance 5.4% $289.80 $21.30 $268.50 $4,464.20 $______ $_______ $_______ $_____
Given the annual interest rate and a line of an amortization schedule for that loan, complete the next line of the schedule. Assume that payments are made monthly. Annual Interest Rate Payment Interest Paid Paid on Principal Balance 5.4% $289.80 $21.30 $268.50 $4,464.20 Fill out the amortization schedule below. Annual Interest Rate Payment Interest Paid Paid on Principal Balance 5.4% $289.80 $21.30 $268.50 $4,464.20 $______ $_______ $_______ $_____
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 12P
Related questions
Question
Given the annual interest rate and a line of an amortization schedule for that loan, complete
the next line of the schedule. Assume that payments are made monthly.
Annual Interest Rate
|
Payment
|
Interest Paid
|
Paid on Principal
|
Balance
|
|
---|---|---|---|---|---|
5.4%
|
$289.80
|
$21.30
|
$268.50
|
$4,464.20
|
|
Fill out the amortization schedule below.
Annual Interest Rate
|
Payment
|
Interest Paid
|
Paid on Principal
|
Balance
|
|
---|---|---|---|---|---|
5.4%
|
$289.80
|
$21.30
|
$268.50
|
$4,464.20
|
|
|
$______
|
$_______
|
$_______
|
$_____
|
(Round to nearest cent as needed)
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