HCMG 750 WEEK 5 DISCUSSION 1
Week 5 Discussion Questions
Discussion 1
Assume the following: Payment #1 totals $1,600 ($1,200 principal and $400 interest expense); Payment #2 totals $1,600 ($1,300 principal and $300 interest expense); and the remaining principal balance before these two payments is $50,000.
If the amortization schedule’s “Remaining Principal Balance” column prior to these payments amounts to $50,000, what is
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Davenport University
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HCMG 750
31 Aug 2017