2024 – Assume the following Payment 1 totals 1 600 1 200 principal and 400 interest expense Payment 2
Due Midnight Tonight ! Finance – 2024
2024 – Assume the following Payment 1 totals 1 600 1 200 principal and 400 interest expense Payment 2.
Assume the following:
>payment #1 totals $1
Payment #1 totals $1,600 ($1,200 principal and $400 interest expense);
Payment #2 totals $1,600 ($1,300 principal and $300 interest expense);
Remaining principal balance
and the remaining principal balance before these two payments is $50,000.
2024 – Assume the following Payment 1 totals 1 600 1 200 principal and 400 interest expense Payment 2.
If the amortization schedule’s “Remaining Principal Balance” column prior to these payments amounts to $50,000, what is the balance in the column after these payments?
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