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Given the annual interest rate and a line of an amortization schedule for that loan...

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Basic Math

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Given the annual interest rate and a line of an amortization schedule for that loan complete the next line of the schedule Assume that payments are made monthly Annual Interest Rate Payment 13 245 79 Interest Paid 41 13 Identify the problem solving method that should be used Choose the correct answer below OA The Always Principle B Relate a New Problem to an Older One C The Three Way Principle OD Guessing is OK Fill out the amortization schedule below Annual Interest Rate 13 Paid on Principal 204 66 Interest Paid 41 13 Payment 245 79 Round to the nearest cent as needed Balance 3 592 87 Paid on Principal 204 66 Balance 3 592 87

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