Determine the remaining balance

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Reference no: EM1380079

Question: A student borrows 3,000 at an interest rate of two percent per month on the unpaid balance. If the student pays $200 at the end of every month, Determine the remaining balance at the end of one year?

How much interest has the student paid for the year?

Output: Output consists of a screen display showing the balance each month, remaining balance at the end of one year and the total interest the student has paid for the year.

 

Reference no: EM1380079

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