Niagara Haulage obtained an $80,000 loan at 7.2% compounded monthly to build a storage shed. Construct a partial amortization schedule for payments of $1,000 per month showing details of the first two payments, Payments 41 and 42, and the last two payments.

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The Answer of Niagara Haulage obtained an $80,000 loan at 7.2% compounded monthly to build a storage shed. Construct a partial amortization schedule for payments of $1,000 per month showing details of the first two payments, Payments 41 and 42, and the last two payments.

Niagara Haulage Obtained an $80,000 Loan at 7