36 37 38 39 Amount of Principal paid in the first three payments: 40 41 Balance after the 3rd payment: 42 43 Amount of interest in the last instalment 44 45 Amount of the last payment: 46 47 Total...

Marigold browws A from a bank at a norminal rate of B percent compounded monthly to be repaid in 1 year.In the first 6 payments she also wants to make additional equal contribution to the principal in the amount of C.

Assumption table

Loan Amount A              $5,121

Nominal Interest B           7.00%

Term of loan (Annual)         1 year

Additional principal Contr         46.00

Payment Monthly ?----------------

Extracted text: 36 37 38 39 Amount of Principal paid in the first three payments: 40 41 Balance after the 3rd payment: 42 43 Amount of interest in the last instalment 44 45 Amount of the last payment: 46 47 Total interest paid: 48


Extracted text: 19 Payment Monthly: 20 21 Complete the Amortization table below, making the necessary adjustments to accommodate prepayments in the schedule: 22 Beginning of period End of Period Loan Number of periods Principal 23 Loan Balance Payment Interest Pre-Payment Balance 24 25 2 26 3 27 4 28 5 29 6 30 7 31 8 32 33 10 34 11 35 12 (Hint: Cell 135 m