Question: Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $230,000 for 3 years at 6% compounded annually Period Period
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)
$230,000 for 3 years at 6% compounded annually
Period
| Period | Payment | Interest | Balance Reduction | Unpaid Balance |
| 1 | $ | $ | $ | $230,000 |
| 2 | $ | $ | $ | $ |
| 3 | $ | $ | $ | $0.00 |
Payment Interest Balance Reduction Unpaid Balance
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