Question: Chrome File Edit View History Bookmarks People Window Help B 99% _ Mon 10:04 PM Q AMORTIZATION SCHEDULE a. Complete an amortization schedule for a

Chrome File Edit View History Bookmarks People Window Help B 99% _ Mon 10:04 PM Q AMORTIZATION SCHEDULE a. Complete an amortization schedule

Chrome File Edit View History Bookmarks People Window Help B 99% _ Mon 10:04 PM Q AMORTIZATION SCHEDULE a. Complete an amortization schedule for a $28,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 10% compounded annually. Round all answers to the nearest cent. Beginning Year Balance Repayment nding ofPrincipalBalance Payment Interest b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Round all answers to two decimal places. % Interest Year 1 Year 2: Year 3

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