You have taken a loan of $88,000.00 for 30 years at 4.1% compounded quarterly. Fill in the table below: (Round all answers to 2 decimal places.) Payment number Payment amount Principal Amount Interest Balance 0) $88,000.00 1) 2) $ $ 3) $

You have taken a loan of $88,000.00 for 30 years at 4.1% compounded quarterly. Fill in the table below: (Round all answers to 2 decimal places.) Payment number Payment amount Principal Amount Interest Balance 0) $88,000.00 1) 2) $ $ 3) $

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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Question

You have taken a loan of $88,000.00 for 30 years at 4.1% compounded quarterly. Fill in the table below:
(Round all answers to 2 decimal places.)
Payment number Payment amount Principal Amount Interest
Balance
0)
$88,000.00
1)
$
2)
3)

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