Solution-How much of third monthly payment will go toward

How much of third monthly payment will go toward

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Reference no: EM133011408

Problem 1: You have just taken out an installment loan for $100,000.00. Assume that the loan will be repaid in 12 equal monthly installments of $9,456.00 and that the first payment will be due 1 month from today. How much is the rate of interest? How much of your third monthly payment will go toward the repayment of principal?

Reference no: EM133011408

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How much of third monthly payment will go toward

Reference no: EM133011408

Reference no: EM133011408

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