HTT 230 WEEK 8 ASSIGNMENT 925985
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WEEK 8 ASSIGNMENT
- What is the monthly debt service payment on Marcos loan if Enrique lends him 15,000 for four years at 8% interest? PV 15,000 N 4 X 12 I/Y 8 / 12 monthly debt service payment
- Tanya is attempting to organize her loan amortization agenda for the restoration of her bed-and breakfast service. Her banker is estimating her an interest rate of 12% for 4 years. The borrowed funds amount is 25,000. Get ready the borrowed funds amount schedule.
Year Payment Principal Interest Balance 1 8, 5, 3, 19, 2 8, 5, 2, 13, 3 8, 6, 1, 7, 4 8, 7,
Total Payments 32, Total Interest 7,
- What will be the total interest expense that Tanya...
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Published On:
12/21/2019
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12/21/2019
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