Question: Construct an amortization schedule for a four-year, $10,000 loan at 6% interest compounded annually. TABLE 6-4 A Partial Amortization Schedule TABLE 6-4 Beginning Balance $15,053.75

Construct an amortization schedule for a four-year, $10,000 loan at 6% interest compounded annually.

Construct an amortization schedule for a four-year, $10,000 loan at 6% interest

TABLE 6-4 A Partial Amortization Schedule TABLE 6-4 Beginning Balance $15,053.75 14,704.29 Payment $500.00 500.00 500.00 500.00 Interest @1% $150.54 147.04 Principal Reduction $349.46 352.96 Ending Balance $14,704.29 14,351.33 Period 4

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