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Unformatted text preview: payment rows should represent the number of months required to amortize the loan. Loan Inputs Interest Rate Lookup Terms Customer Name Credit Score Interest Rate 2 Credit Score 650 Disqualified 3 Purchase Price $28,500 500 9.00% 5 Down Payment $4,000 600 6.90% 7 Loan Term (years) 700 4.90% 10 800 1.90% Payment Results Payment: per month Interest Rate: per year Loan Term: years Loan Amount: Payment # Ending Balance Beginning Balance Current Principal Paid Current Interest Paid Total Principal Paid Total Interest Paid...
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This note was uploaded on 08/15/2011 for the course ACIS 2504 at Virginia Tech.