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 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 Payment: Payment Payment Beginning Ending Number Month Balance Payment Toward Balance Amount Principal 1 Apr-02 179,000.00 2 May-02 3 Jun-02 4 Jul-02 5 Aug-02 6 Sep-02 7 Oct-02 8 Nov-02 Dec-02 Jan-03 Feb-03 Mar-03 Apr-03 May-03 Jun-03 Jul-03 Aug-03 Sep-03 Oct-03 Nov 03 Dec 03 D 1 4 25 26 27 28 29 30 31 32 33 34 9 10 11 12 13 14 46182828 15 17 19 20 Jan 041 Toward Interest PV formula

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