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

a.$3,500 at 6% for 2 months ________
b.$6,200 at 9% for 4 months ________
c.$130,000 at 12% for 6 years ________

Question

Campbell Financing Corp. amortizes most of the loans it writes. Use Table 14-1 to compute the monthly payments for the following loans.
​
a.$3,500 at 6% for 2 months ________
b.$6,200 at 9% for 4 months ________
c.$130,000 at 12% for 6 years ________

Quizplus · Accepted Answer

The Answer of Campbell Financing Corp. amortizes most of the loans it writes. Use Table 14-1 to compute the monthly payments for the following loans.
​
a.$3,500 at 6% for 2 months ________
b.$6,200 at 9% for 4 months ________
c.$130,000 at 12% for 6 years ________