Calculate Principal Interest For Loan Payment

Question

For the loan below, calculate principal interest portion of the payment listed in the last column.

Original

Amortization

period

Payment

interval

Nominal

rate (%)

Principal/Interest

portion of

Principal ($)

(years)

monthly

12% compounded monthly

Payment #

30,000

10

 

 

99

 

Summary

The question belongs to Finance and it discusses about calculating principal interest portion for payment of loan.

Total Word Count 81

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