Tanya Cordobes borrowed $9,500 from a bank. The loan was amortized over two years. Tanya made equal monthly payments of $434.00, which included interest on the unpaid balance of 0.75% per month (9% annually). Complete the first two months of the amortization schedule.

Question

Tanya Cordobes borrowed $9,500 from a bank. The loan was amortized over two years. Tanya made equal monthly payments of $434.00, which included interest on the unpaid balance of 0.75% per month (9% annually). Complete the first two months of the amortization schedule.
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Quizplus · Accepted Answer

The Answer of Tanya Cordobes borrowed $9,500 from a bank. The loan was amortized over two years. Tanya made equal monthly payments of $434.00, which included interest on the unpaid balance of 0.75% per month (9% annually). Complete the first two months of the amortization schedule.
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Tanya Cordobes Borrowed $9,500 from a Bank