student loans
Question
Nick and Emily owe $24,000 on their student loans style=”color:rgb(45,59,69);”>interest rate of 6.5%The term is 20 yearsNote : The second payment is $178.94
Construct the second row of the amortization table for their student loans.How much of their second payment goes toward interest?How much of their second payment goes toward principal?After making their second payment, what is the remaining balance?
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