Question: 3.) Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $160,000 for 3 years at 9% compounded annually Period

3.) Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)

$160,000 for 3 years at 9% compounded annually

Period Payment Interest Balance Reduction Unpaid Balance
$160,000
1
2
3 $0.00

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