You have taken a loan of $88,000.00 for 30 years at 4.1% compounded quarterly. Fill in the table below: (Round all answers to 2 decimal places.) Payment number Payment amount Principal Amount Interest Balance 0) $88,000.00 1) 2) $ $ 3) $
You have taken a loan of $88,000.00 for 30 years at 4.1% compounded quarterly. Fill in the table below: (Round all answers to 2 decimal places.) Payment number Payment amount Principal Amount Interest Balance 0) $88,000.00 1) 2) $ $ 3) $
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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![You have taken a loan of $88,000.00 for 30 years at 4.1% compounded quarterly. Fill in the table below:
(Round all answers to 2 decimal places.)
Payment number Payment amount Principal Amount Interest
Balance
0)
$88,000.00
1)
$
2)
3)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faa454c6e-45bf-4590-aa08-a6fd9abe89bb%2F1199278c-b9b0-4f9b-a085-5abd99cf019f%2Fplldurw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You have taken a loan of $88,000.00 for 30 years at 4.1% compounded quarterly. Fill in the table below:
(Round all answers to 2 decimal places.)
Payment number Payment amount Principal Amount Interest
Balance
0)
$88,000.00
1)
$
2)
3)
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