Loan $ 26,000 Down Payment $ 5,000 Time 36 months Rate 11 % Monthly Payments?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Loan | $ | 26,000 | ||
Down Payment | $ | 5,000 | ||
Time | 36 | months | ||
Rate | 11 | % | ||
Monthly Payments? |
Calculate the monthly payment by using the loan amortization table
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