o Prompt: Similar to the example in your text, calculate and present in a chart the cost of borrowing based upon: Principal borrowed of 89,000 12 Annual payments a year Monthly payments are $1,100 8.75% interest rate 72 total payments Period interest rate 1% What would be the final payment/balloon payment due on month 72 to be settled with this obligation?
VAL- UP TO 4/24/2025- ***** PLEASE MAKE SURE THAT ALL WORK IS AUTHENTIC- DO NOT USE AI IT WILL BE SCANNED***** ****** THIS ASSIGNMENT HAS 2 PARTS /
VAL- UP TO 4/24/2025- ***** PLEASE MAKE SURE THAT ALL WORK IS AUTHENTIC- DO NOT USE AI IT WILL BE SCANNED***** ****** THIS ASSIGNMENT HAS 2 PARTS / PLEASE LABEL EACH PART SEPARATELY WITH REFERENCES WHEN COMPLETED****** PART 1- Module 2- DISCUSSION- (VAL)- Course Title: Fiscal Accountability for Organizational Leadership