Holly received a 15 year loan of $340,000 to purchase a truck. The interest rate on the loan was 4.10% compounded monthly. a. What is the size of the monthly loan payment? %$4 Round to the nearest cent b. What is the principal balance of the loan at the end of 3 years? %24 Round to the nearest cent c. By how much will the amortization period shorten if Holly made an extra payment of $50,000 at the end of the year 3? %24

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Management Information Systems

While undertaking any business decisions, data is the most important aspect. An information system (IS) is a set of data, computing devices and management methods that support routine company operations. A management information system (MIS) is a specific subset of IS.