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smithtamarshae
23.07.2020 •
Business
You purchase a new car for $33,333. What is the outstanding balance on the loan after you make the second payment if you have a 5-year loan with monthly payments and an interest rate of 7.84% (compounded monthly)? (Round your answer to the nearest integer)
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Ответ:
$32,419
Explanation:
I prepared an amortization schedule using an excel spreadsheet. The monthly payment is $673.32:
year beginning scheduled principal interestending
balance payment balance
1 $33,333 $673.32 $456 $218 $32,877 .45
2 $32,877 $673.32 $459 $215 $32,418.91
The outstanding balance after the second payment = $32,418.91 ≈ $32,419
Ответ:
yas >:3 thank you so much
Explanation: