A newly graduated engineer bought furniture for 900 from a


A newly graduated engineer bought furniture for $900 from a local store. Monthly payments for l year will be made. Interest is computed at a nominal rate of 6%. Build the table that shows the balance due, principal payment, and interest payment for each payment. What is the monthly payment?  What interest is paid in the last month?

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Econometrics: A newly graduated engineer bought furniture for 900 from a
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