Question: Create an amortization schedule using the following assumptions: What is the loan amount Loan term: 25 year - fixed Purchase price: $130,000 Down payment: 5%

Create an amortization schedule using the following assumptions: What is the loan amount Loan term: 25 year - fixed Purchase price: $130,000 Down

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

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