Question: Amortization Schedule Instruction: Develop and amortization table for the payment of a loan on a house. Payments are monthly for 10 years. Loan on the

Amortization Schedule Instruction: Develop and amortization table for the payment of

Amortization Schedule Instruction: Develop and amortization table for the payment of a loan on a house. Payments are monthly for 10 years. Loan on the house is $179,000. Interest is 5.3% annual. PMT formula PV formula Payment: ($1,924.96) Payment_Toward Famount Principal Toward Interest Payment Payment Beginning Ending Number Month Balance Balance 1 Apr-02 179,000.00 2 May-02 3 Jun-02 4 Jul-02 - 5 Aug-02 Sep-02 7 Oct-02 8 Nov-02 Dec-02 10 Jan-03 11 Feb-03 Mar-03 Apr-03) May-031 Jun-03 Jul-03 16

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