Question: Develop an amortization schedule for the loan described. (All answers should be entered in dollars. Round your answers to the nearest cent.) $80,000 for 2
Develop an amortization schedule for the loan described. (All answers should be entered in dollars. Round your answers to the nearest cent.)
$80,000 for
2 years at 10% compounded semiannually
| Period | Payment | Interest | Balance Reduction | Unpaid Balance |
|---|---|---|---|---|
| $80,000 | ||||
| 1 | $ | $ | $ | $ |
| 2 | $ | $ | $ | $ |
| 3 | $ | $ | $ | $ |
| 4 | $ | $ | $ | $ |
| 5 | $ | $ | $ | $0.00 |
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