Friday
March 27, 2015

Homework Help: MATH

Posted by Julian on Wednesday, October 5, 2011 at 10:28pm.

Consider an amortized loan of $10,000 ( with 10.0% interest compounded monthly) paid back over two yrs in equal, monthly installments. For each of the first two months, calculate three things: the interest paid for the month, the amound of the principal paid off and the balance at the end of the month.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - The Sandersons are planning to refinance their home. The outstanding ...
math - The Sandersons are planning to refinance their home. The outstanding ...
Finite Math - The Sandersons are planning to refinance their home. The ...
college math - A $8700 personal loan at 5.5% compounded monthly is to be repaid ...
college math - A $8700 personal loan at 5.5% compounded monthly is to be repaid ...
Amoritizing Loans - "A woman borrows $6000 at 9% compounded monthly, which is to...
MATH PLEASE HELP - a) How much will the monthly payment on a five yr car loan ...
math - rick borrows 48,000 the loan will be a 10% add-on loan interest will be ...
Math - Richard borrowed 180000 dollars from his bank to help finance the ...
Mathematics - A loan of $7,000,000 is being amortised over 48 months at an ...

Members