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You have taken a loan of $10,000.00 for 3 years at 2.5% compounded monthly. Fill in the table below: (Round all answers to 2 decimal places.) Payment number Payment amount Principal Amount Interest Balance 0)       $10,000.00 1) $ $ $ $ 2)   $ $ $ 3)   $ $ $

You have taken a loan of $10,000.00 for 3 years at 2.5% compounded monthly. Fill in the table below: (Round all answers to 2 decimal places.) Payment number Payment amount Principal Amount Interest Balance 0)       $10,000.00 1) $ $ $ $ 2)   $ $ $ 3)   $ $ $

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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You have taken a loan of $10,000.00 for 3 years at 2.5% compounded monthly. Fill in the table below: (Round all answers to 2 decimal places.)

Payment number Payment amount Principal Amount Interest Balance
0)       $10,000.00
1) $ $ $ $
2)   $ $ $
3)   $ $ $
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