-Tri-City Financing Corp. amortizes most of the loans that it writes. Use Table 14-1 to compute the monthly payments for the following loans.

a.$2,500 at 10.5% for 4 months ________
b.$4,200 at 4.5% for 5 months ________
c.$125,000 at 7.5% for 5 years ________

Question

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-Tri-City Financing Corp. amortizes most of the loans that it writes. Use Table 14-1 to compute the monthly payments for the following loans.​
​
a.$2,500 at 10.5% for 4 months ________
b.$4,200 at 4.5% for 5 months ________
c.$125,000 at 7.5% for 5 years ________

Quizplus · Accepted Answer

The Answer of ​  ​
-Tri-City Financing Corp. amortizes most of the loans that it writes. Use Table 14-1 to compute the monthly payments for the following loans.​
​
a.$2,500 at 10.5% for 4 months ________
b.$4,200 at 4.5% for 5 months ________
c.$125,000 at 7.5% for 5 years ________

​ ​ -Tri-City Financing Corp. Amortizes Most of the Loans That It

-Tri-City Financing Corp. Amortizes Most of the Loans That It