Question: Drill Problem 1 5 - 8 ( Algo ) [ LU 1 5 - 2 ( 2 ) ] Bob Jones bought a new log

 Drill Problem 15-8(Algo)[LU 15-2(2)] Bob Jones bought a new log cabin
Drill Problem 15-8(Algo)[LU 15-2(2)]
Bob Jones bought a new log cabin for $64,000 at 4.75% interest for 15 years. Prepare an amortization schedule for the first three periods. (Use Table 15.1.)
Note: Round your intermediate calculations and final answer to the nearest cent.
\table[[\table[[Payment],[Number]],Portion to-,\table[[Balance of loan],[outstanding]]],[Interest,Principal],[,,],[2,,,],[3,,,]]
for $64,000 at 4.75% interest for 15 years. Prepare an amortization schedule

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