Question: Construct an amortization schedule for a $1,000, 8% 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, 8% annual rate loan with 3 equal payments. The first payment will be made at the end of the1st year. Find the required annual payments

		$355.8
		$367.2
		$388.0
		$390.7

Based on the information from above, whats the ending balance of the amortized loan at the end of the second year

		$0
		$359.4
		$388.3
		$682.8

Based on the information from above, calculate the total amount of interests you should pay for the amortized loan in three years

		$28.8
		$55.4
		$80.0
		$164.2

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