Solution-Interest paid on the outstanding balance

Interest paid on the outstanding balance

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Reference no: EM131073731

An amount of $20,000 is borrowed for 3 months at a rate of 8.6%. Make an amortization schedule showing: payment number, monthly payment amount, interest paid on the outstanding balance, portion of principle paid, and outstanding (unpaid) balance.

Reference no: EM131073731

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Interest paid on the outstanding balance

Reference no: EM131073731

Reference no: EM131073731

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