Consider a loan of $8,000 charging interest at j12-6% with monthly payments of $321.50 Calculate the missing amounts in the amortization table. Place the value for A in the first answer box, B in the second and C in the third. PMT Interest Principal Balan 8,000.00 1321.50 40.00 281.50 7,718.50 2 321.50 B C
Consider a loan of $8,000 charging interest at j12-6% with monthly payments of $321.50 Calculate the missing amounts in the amortization table. Place the value for A in the first answer box, B in the second and C in the third. PMT Interest Principal Balan 8,000.00 1321.50 40.00 281.50 7,718.50 2 321.50 B C
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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