CALCULATING AN AMORTIZATION SCHEDULE
in lost income. In effect his monthly payments are $35.18 (34.68 +0 .50). When his last payment is due, he gets his $25 returned to him, meaning that he effectively pays only $10.18 (35.18 - 25) that month. So his monthly payments are 35.18, 35.18, and 10.18. b) The … ................
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