Kimberly Carter borrowed $8,500 from a bank. The loan was amortized over two years. Kimberly made equal monthly payments of $354.00, which included interest on the unpaid balance of 0.50% per month (6% annually). Complete the first two months of the amortization schedule.

Question

Kimberly Carter borrowed $8,500 from a bank. The loan was amortized over two years. Kimberly made equal monthly payments of $354.00, which included interest on the unpaid balance of 0.50% per month (6% annually). Complete the first two months of the amortization schedule.
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The Answer of Kimberly Carter borrowed $8,500 from a bank. The loan was amortized over two years. Kimberly made equal monthly payments of $354.00, which included interest on the unpaid balance of 0.50% per month (6% annually). Complete the first two months of the amortization schedule.
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Kimberly Carter Borrowed $8,500 from a Bank