A 5000 demand loan was advanced on june 3 fixed monthly, Ask an Expert

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A $5000 demand loan was advanced on June 3. Fixed monthly payments of $1000 were required on the first day of each month, beginning July 1. Prepare the full repayment schedule for the loan. Assume that the interest rate remained at 12.5% simple interest for the life of the loan.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91726045

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