Which of the following statements about money that is correct? A. Money is a completely stable store of value. B. Credit cards
1 answer:
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Answer:
Amortization Schedule is attached with answer please find it.
Explanation:
Loan Payment includes the the principal and interest payment for the period. First we calculate the interest portion in the payment and then residual amount after deducting the interest portion is considered as the principal payment.
In this question the loan payment of $47,479 includes the Interest payment and principal payment as well, which is shown separately in the schedule.
