use amortization table to answer this question bob jones brought a new log cabin for $325,00 at 8% interest for 30 years.he had to pay 20% down to obtain the loan. required from the amortization table how much of the monthly payment is applied to principle in the second month?
use amortization table to answer this question bob jones brought a new log cabin for $325,00 at 8% interest for 30 years.he had to pay 20% down to obtain the loan. required from the amortization table how much of the monthly payment is applied to principle in the second month?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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use amortization table to answer this question
bob jones brought a new log cabin for $325,00 at 8% interest for 30 years.he had to pay 20% down to obtain the loan.
required
from the amortization table how much of the monthly payment is applied to principle in the second month?
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