Computing principal interest portion for payment of loan

Reference no: EM13826070

Problem:

For the loan below, calculate principal interest portion of the payment listed in the last column.

Original	Amortization period	Payment interval	Nominal rate (%)	Principal/Interest portion of
Principal ($)	(years)	monthly	12% compounded monthly	Payment #
30,000	10			99

Additional Information:

This question is basically belongs to the Finance as well as it explains about computing principal interest portion for payment of loan.

Reference no: EM13826070

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