Kylie and Dak borrowed $53,000 at 7.26% compounded monthly as a second mortgage loan against...
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Accounting
Kylie and Dak borrowed $53,000 at 7.26% compounded monthly as a second mortgage loan against their current home. Repayment amount is $2,450 at the end of every three months. a. How many payments are required to repay the loan? Number of payments = b. Use the given information to complete the amortization table below. Determ ine the m issing values for the first two paym ent intervals, the last two payment intervals, and the totals. Report results to the nearest cent
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