Erik purchased a laptop. Part of an amortization table for Erik's one-year personal loan is shown. Principal Paid ($)Interest Paid ($)206.9121.67208.6419.94210.3818.20212.1316.45213.9014.68215.6812.90217.4811.10219.299.29221.127.46222.965.62224.823.76226.691.89 Calculate the total amount needed to repay the loan.

To calculate the total amount needed to repay the loan, you need to sum up the principal paid and…

Answered: Principal Paid ($) Interest Paid ($)…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Principal Paid ($)	Interest Paid ($)
206.91	21.67
208.64	19.94
210.38	18.20
212.13	16.45
213.90	14.68
215.68	12.90
217.48	11.10
219.29	9.29
221.12	7.46
222.96	5.62
224.82	3.76
226.69	1.89

Principal Paid ($) Interest Paid ($) 206.91 21.67 208.64 19.94 210.38 18.20 212.13 16.45 213.90 14.68 215.68 12.90 217.48 11.10 219.29 9.29 221.12 7.46 222.96 5.62 224.82 3.76 226.69 1.89 Calculate the total amount needed to repay the loan.