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 the1^styear. Find the required annual payments

		$355.8
		$367.2
		$388.0
		$390.7

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

		$0
		$349.7
		$388.3
		$692.0

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

		$128.8
		$145.4
		$150.0
		$164.1

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