Question: j . ( 1 ) Construct an amortization schedule for a $ 1 , 0 0 0 , 1 0 % annual rate loan with

j.
(1) Construct an amortization schedule for a $1,000,10% annual rate loan with 3 equal installments.
(2) During Year 2, what is the annual interest expense for the borrower, and what is the annual interest income for the lender?

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