Question: Construct an amortization schedule for a $10,000, 4% annual rate loan with 12 equal monthly payments. Can anyone please show how to use the formulas
Construct an amortization schedule for a $10,000, 4% annual rate loan with 12 equal monthly payments.
Can anyone please show how to use the formulas for this example? If I were to hand write it how would I go about using the equations? Thank you
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
