Use the amortization table to determine how much of the 10th payment is interest. The interest amount of the 10th payment is $ enter your response here Payment NumberAmount of Payment0-1 $378.242 $378.243 $378.244 $378.245 $378.246 $378.247 $378.248 $378.249 $378.2410 $378.2411 $378.2412 $378.24Amortization TableInterest for Period$80.00$74.04$67.95$61.75$55.42$48.96$42.37$35.66$28.80$21.82$14.69$7.42Portion to Principal-$298.24$304.20$310.29$316.49$322.82$329.28$335.87$342.58$349.44$356.42$363.55$370.82Principal at End of Period$4000.00$3701.76$3397.56$3087.27$2770.78$2447.96$2118.68$1782.81$1440.23$1090.79$734.37$370.82$0.00

The repayment of a loan or mortgage over time is depicted in a table called an amortization…

Answered: Use the amortization table to determine…

Use the amortization table to determine how much of the 10th payment is interest. The interest amount of the 10th payment is $ enter your response here

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 2.10C

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