To help with the startup costs of his new comic book store

Last updated: 9/24/2023

To help with the startup costs of his new comic book store Jose is taking out a 56 000 amortized loan for 10 years at 8 5 annual interest His month payment for this loan is 694 32 Fill in all the blanks in the amortization schedule for the loan Assume that each month is 1 12 of a year Round your answers to the nearest cent Payment number 1 2 60 61 Interest payment 242 91 Principal payment 0 0 451 41 New loan balance 55 402 59 33 841 96 0 X S