CMMPS1 - Zainab Nejati Problem Set #! 1/30/2006 Calculate...

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Zainab Nejati 1/30/2006 Problem Set #! Calculate Interest on Your Student Loan Annual Interest Rate (Decimal) 30% Interest Per Month 0.03 Number of Months of Payment 60 Amount of Loan 30000 Monthly Payment ($970.60) Calculate Interest of Your Student Loan Annual Interest Rate (Percentage) 30% Interest Per Month 0.03 Number of Months of Payment 60 Amount of Loan 30000 Monthly Payment $970.60
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Interest (Monthly) 0.03 Monthly Payment $970.60 Calculating Remaining Principal on Loan Month Principal RemainingInterest Amount Payment Gong Towards Reducing Principal 0 $30,000.00 $0.00 $0.00 1 $29,779.40 $750.00 $220.60 2 $29,553.28 $744.48 $226.12 3 $29,321.51 $738.83 $231.77 4 $29,083.95 $733.04 $237.56 5 $28,840.44 $727.10 $243.50 6 $28,590.85 $721.01 $249.59 7 $28,335.02 $714.77 $255.83 8 $28,072.80 $708.38 $262.23 9 $27,804.01 $701.82 $268.78 10 $27,528.51 $695.10 $275.50 11 $27,246.12 $688.21 $282.39 12 $26,956.68 $681.15 $289.45 13 $26,659.99 $673.92 $296.68 14 $26,355.89 $666.50 $304.10 15 $26,044.18
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This homework help was uploaded on 04/09/2008 for the course ENVIRONMEN 570.210 taught by Professor Wilcock during the Spring '07 term at Johns Hopkins.

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CMMPS1 - Zainab Nejati Problem Set #! 1/30/2006 Calculate...

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