Loan Amortization: A loan of $14 100.00 is amortized over 11 years by equal monthly payments...

Loan Amortization:

A loan of $14 100.00 is amortized over 11 years by equal monthly payments at

5.4% compounded monthly.

a) Find the outstanding balances after the payment 39 is done.

b) Find the outstanding balances after the payment 129 is done.

c) Find the amount of Final Payment and fill out the last row.

Expert Solution

jeff jeffy answered 5 months ago

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