Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 29 Mar 2018 My Price 2.00

months of the amortization

Sheila takes out a $20,000 loan over 3 years with a monthly repayment of $941.5, at an annual interest rate of 18% compounded monthly. You will need to calculate the first three months of the amortization (payment) schedule to answer. How much principal has been paid by the end of the third month?

 
 

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Maurice Tutor
(5)
Status NEW Posted 29 Mar 2018 01:03 PM My Price 2.00

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