Post a New Question

MATH

posted by .

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
Your Answer

Related Questions

More Related Questions

Post a New Question