Question: Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $200,000 for 3 years at 9% compounded annually Period Payment
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $200,000 for 3 years at 9% compounded annually Period Payment Interest Balance Reduction Unpaid Balance $200,000 1 $ 200,000 X $ 1500 $ 195,140 06 x 2 $ 200,000 X 1500 X 5 3 $ 200.000 X 50.00 Need Help? Red
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