B 1 n 10 2 Period Interest Rate, 6.00% End of Beginning of period 3...
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B 1 n 10 2 Period Interest Rate, 6.00% End of Beginning of period 3 Period period Balance Interest Repayment Balance 4 1 $ 100,000 $ 6,000.00 $13,586.80 $ 92,413 5 2 92,413 $ 5,544.79$13,586.80 $ 84,371 6 3 $ 84,371 $ 5,062.27 - $13,586.80 $ 75,847 4 $ 75,847 $ 4,550.00 $13,586.80 $ 66,811 8 5$ 66,811 $ 4,008.64 $13,586.80 $ 57,233 9 6 $ 57,233 $ 3,433.95-$13,586.80 $ 47,080 10 7 $ 47,080 $ 2,824.78 -$13,586.80 $ 36,318 11 8 $ 36,318 $ 2,179.06 $13,586.80 $ 24,910 12 9 $ 24,910 $ 1,494.60-$13,586.80 $ 12,818 13 10 $ 12,818$ 769.06 $13,586.80 - $ 0 7 Refer to the above loan amortisation schedule. To calculate the amount of the principal repaid between end of period 4 and end of period 5, we could use the formula: Select one: a. =E7-E8 b. = $B4-$E8 C. E-CUMIPMT(rate,nper,pv,start_period,end_period, type) d. =CUMINT (rate,nper,pv,start_period, end_period, type)
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