Question: Chuck's Publishing, Inc. borrows $ 3 0 , 0 0 0 from Citicorp to finance the purchase of a new office cooling system. The loan

Chuck's Publishing, Inc. borrows $30,000 from Citicorp to finance the purchase of a new office cooling system. The loan has an interest rate of 12% and Chuck's will be required to make annual payments for the next 3 years. Fill in the following loan amortization schedule for this transaction. (8 points)
\table[[Year,Payment,Interest Paid,Principle paid,Balance],[0,---,--,$30,000,],[1,,,,],[2,,,,],[3,,,,]]
 Chuck's Publishing, Inc. borrows $30,000 from Citicorp to finance the purchase

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