Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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You borrowed $90,000. You will pay back the loan over 10 years with monthly payments. The interest rate is 15% APR. In the amortization schedule for this loan, what is the amount of interest in the third payment?
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