Unearned Interest by the Actuarial Method Each loan was paid in full before its due date. (a) Obtain the value of h from Table 5. Then (b) use the actuarial method to find the amount of unearned interest, and (c) find the payoff amount. 17. 18. 19. 20. Regular Monthly Payment $346.70 $783.50 $595.80 $314.50 APR 4.0% 5.5% 7.0% 9.0% Remaining Number of Scheduled Payments after Payoff 18 12 6 24
Unearned Interest by the Actuarial Method Each loan was paid in full before its due date. (a) Obtain the value of h from Table 5. Then (b) use the actuarial method to find the amount of unearned interest, and (c) find the payoff amount. 17. 18. 19. 20. Regular Monthly Payment $346.70 $783.50 $595.80 $314.50 APR 4.0% 5.5% 7.0% 9.0% Remaining Number of Scheduled Payments after Payoff 18 12 6 24
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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