You have a new 10 year Student loan for $16,500.00 that charges an interest rate of 5.35% compounded monthly. The Amortization Table below shows your activity for the first month's payment. Fill in...


You have a new 10 year Student loan for $16,500.00 that charges an interest rate of 5.35% compounded<br>monthly. The Amortization Table below shows your activity for the first month's payment.<br>Fill in The Interest Payment, Principle Payment, and New Balance after you make the second Payment in<br>Month 2<br>Payment<br>Payment<br>Interest Payment<br>Principle Payment<br>New Balance<br>amount<br>$16,500.00<br>----<br>$177.84<br>$73.56<br>$104.28<br>$16,395.72<br>$177.84<br>> Next Question<br>

Extracted text: You have a new 10 year Student loan for $16,500.00 that charges an interest rate of 5.35% compounded monthly. The Amortization Table below shows your activity for the first month's payment. Fill in The Interest Payment, Principle Payment, and New Balance after you make the second Payment in Month 2 Payment Payment Interest Payment Principle Payment New Balance amount $16,500.00 ---- $177.84 $73.56 $104.28 $16,395.72 $177.84 > Next Question

Jun 04, 2022
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