Business, 03.06.2021 17:00 rntaran2002

Using the loan and payment plan developed in Problem 4-99, determine the month that the final payment is due, and the amount of the final payment, if $1500 is paid for Payment 5 and $2500 is paid for Payment 10. Payment No. Principal Owed | Interest owed Principal paid Balance due monthly payment 1 20000.00 100.00 1064.63 1164.63 2 18935.37 94.68 1069.96 1164.63 3 17865.41 89.33 1075.31 1164.63 4 16790.10 83.95 1080.68 1164.63 5 15709.42 78.55 1086.09 1164.63 6 14623.33 73.12 1091.52 1164.63 7 13531.81 67.66 1096.98 1164.63 8 12434.83 62.17 1102.46 1164.63 9 1133237 56.66 1107.97 1164.63 10 10224.40 51 12 1113.51 1164.63 11 9110.89 45.55 1119.08 1164.63 12 7991.81 39.96 1124.68 1164.63 13 6867.13 34.34 1130.30 1164.63 14 5736.83 28.68 1135.95 1164.63 15 4600.88 23.00 1141.63 1164.63 16 3459.25 17.30 1147.34 1164.63 17 2311.92 11.56 1153.08 1164.63 18 1158.84 5.79 1158.84 1164.63

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Using the loan and payment plan developed in Problem 4-99, determine the month that the final paymen...

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