harmanchauhan harmanchauhan

18-04-2024
Mathematics

Answered

Ques 1: Jeff borrowed $57,800 from bank to buy an SUV at 3.9% compounded monthly. Payments of $2,056 are required at the end of every month. Construct a complete amortization schedule in MS Excel showing the details of all payments and the total. The schedule needs to have the following headings: Payment Number Amount Paid Principal Outstanding Principal Interest Paid Repaid balance

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