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Loan payment (amortization): the beginning balance shows $2500 and interest rate is 20% with compounding daily. What is your interest payment for the first day? Round to the nea…

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asked Sep 4, 2023 65.3k views

10 votes

Loan payment (amortization): the beginning balance shows $2500 and interest rate is 20% with compounding daily. What is your interest payment for the first day?

Round to the nearest cent

Mathematics
college

Ahuemmer asked

by Ahuemmer

8.1k points

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7 votes

Answer:

Im sorry but do u have any photo of it?

Ben Grimm answered Sep 9, 2023

Loan payment (amortization): the beginning balance shows $2500 and interest rate is 20% with compounding daily. What is your interest payment for the first day? Round to the nea…

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