Question: Compute an amortization schedule for a $19600, 10 year annual amortization loan, paying 9.8%. Payments are to be made at the beginning of the year.

Compute an amortization schedule for a $19600, 10 year annual amortization loan, paying 9.8%. Payments are to be made at the beginning of the year. Suppose that you are only able to pay $2600 in the nineth year, how much principal will remain after that payment?

$1500-$2000

$2500-$3000

<$1500

> $3000

$2000-$2500

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