Question: Drill Problem 18-8 (Algo) [LU 18-2 (2)] Bob Jones bought a new log cabin for $60,000 at 6.00% interest for 30 years. Prepare an

Drill Problem 18-8 (Algo) [LU 18-2 (2)] Bob Jones bought a new

Drill Problem 18-8 (Algo) [LU 18-2 (2)] Bob Jones bought a new log cabin for $60,000 at 6.00% interest for 30 years. Prepare an amortization schedule for the first three periods. Note: Do not round intermediate calculations. Round your final answers to the nearest cent. Answer is not complete. Payment Number Portion to Balance of loan Interest Principal outstanding 1 $ 300.00 2 S 299.70 3 $ 299.40

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