What interest is paid in the last year

Reference no: EM132157926

Question: Five annual payments at an interest rate of 9% are made to repay a loan of $6000. Build the table that shows the balance due, principal payment, and interest payment for each payment. What is the annual payment? (Use a spreadsheet function, not the tables.) What interest is paid in the last year?

Reference no: EM132157926

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