Please see the following web site for the formula to perform this calculation.
With the formula, you will be able to insert your values, and determine the answer.
http://keisan.casio.com/exec/system/1234231998
Maliha B.
asked • 09/20/15Lab 4 Ch. 10 Math Help
A 14-year loan requires month-end payments of $587.13 including interest at 8.4% compounded monthly.
What is the balance on the loan after half of the payments have been made? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
What is the balance on the loan after half of the payments have been made? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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