Calculate and print out the balance due

Reference no: EM13244994

Calculate and print out the balance due, principal payment, and interest payment for each period of a new car loan. The nominal interest is 9% per year, compounded monthly. Payments are made monthly for 5 years. The original loan is for $17,000.

Reference no: EM13244994

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Calculate and print out the balance due : Calculate and print out the balance due, principal payment, and interest payment for each period of a new car loan. The nominal interest is 9% per year, compounded monthly. Payments are made monthly for 5 years. The original loan is for $17,000.

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