a. The monthly payment is $141,126.2179 (Do not round until the final answer. Then round to the nearest cent as needed.) b. The total payment over the term of the loan is $ (Round to the nearest cent as needed.) c. Of the total payment over the term of the loan.% is paid toward the principal and % is paid toward interest. (Round to the nearest tenth as needed.)
a. The monthly payment is $141,126.2179 (Do not round until the final answer. Then round to the nearest cent as needed.) b. The total payment over the term of the loan is $ (Round to the nearest cent as needed.) c. Of the total payment over the term of the loan.% is paid toward the principal and % is paid toward interest. (Round to the nearest tenth as needed.)
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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