Cloverdale Nurseries obtained a $60,000 loan at 7.5% compounded monthly to build an additional greenhouse. Construct a partial amortization schedule for payments of $1,000 per month (except for a smaller final payment) showing details of the first two payments, Payments 56 and 57, and the last two payments.

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The Answer of Cloverdale Nurseries obtained a $60,000 loan at 7.5% compounded monthly to build an additional greenhouse. Construct a partial amortization schedule for payments of $1,000 per month (except for a smaller final payment) showing details of the first two payments, Payments 56 and 57, and the last two payments.

Cloverdale Nurseries Obtained a $60,000 Loan at 7