Question: Create an amortization schedule using the following assumptions: Loan term: 25 year - fixed Purchase price: $130,000 Down payment: 5% Interest rate: 12% $130,000 $123,500

Create an amortization schedule using the following assumptions: Loan term: 25

Create an amortization schedule using the following assumptions: Loan term: 25 year - fixed Purchase price: $130,000 Down payment: 5% Interest rate: 12% $130,000 $123,500 $114,000 QUESTION 10 Using the assumptions in question #9, what is the loan balance in year 2? $122,151 $122,547 KD $123,500 none of the above

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