Question: Construct an amortization schedule for a $10,000, 10% annual rate loan with 3 equal payments. What is the balance at the end of the 3

Construct an amortization schedule for a $10,000, 10% annual rate loan with 3 equal payments. What is the balance at the end of the 3rd year?

Group of answer choices

$6,978.9

$3,655.6

$0

None of the above answers is correct.

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