Question: Construct an amortization schedule for a $1,000, 3.5% annual rate loan with 3 equal payments. The first payment will be made at the end of

Construct an amortization schedule for a $1,000, 3.5% annual rate loan with 3 equal payments. The first payment will be made at the end of the1^st year. Find the required annual payments

		$356.9
		$367.2
		$377.2
		$390.7

Based on the information from Question 33, whats the ending balance of the amortized loan at the end of the first year?

		$0
		$578.2
		$678.1
		$682.8

Based on the information from Question 33 and 34, whats the ending balance of the amortized loan at the end of the 3rd year?

		$0
		$55.4
		$80.0
		$101.6

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