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Author Question: FIGURE 8.1 Basic Design of a Loan Repayment Schedule(1)Paymentnumber(2)Balancebefore ... (Read 41 times)

hubes95

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on: Jun 6, 2019
FIGURE 8.1 Basic Design of a Loan Repayment Schedule
(1)
Payment
number		(2)
Balance
before payment		(3)
Amount
paid		(4)
Interest
paid		(5)
Principal
repaid		(6)
Balance
after
payment
​​​​​​
​​​​​​
Use the design shown in Figure 8.1 to construct a complete repayment schedule including the totaling of the Amount Paid, Interest Paid, and Principal Repaid columns for the following loan.

On April 22, Tim borrowed $2900.00 from Keewatin Credit Union at 6.5% per annum calculated on the daily balance. He gave the Credit Union four cheques for $535.00 dated the 15th of each of the next four months starting May 15 and a cheque dated October 15 for the remaining balance to cover payment of interest and repayment of principal.
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by hubes95 on Jun 6, 2019

raili21

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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hubes95

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Reply #2 on: Jun 6, 2019
Excellent


raili21

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Reply #3 on: Jun 6, 2019
Great! Please up vote :D


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