Question: must use the table Question 3 (7 points) Listen An $110,000 loan is amortized by payments of $2250 at the end of every month at

must use the table

Question 3 (7 points) Listen An $110,000 loan is amortized by payments of $2250 at the end of every month at a rate of 3% compounded monthly. 1. Construct a partial amortization schedule showing the last 2 payments. 2. Determine the total amount paid to settle the loan. 3. Determine the total principal repaid. 4. Determine the total amount of interest paid. Paragraph v BIU 1. Construct a partial amortization schedule showing the last 2 payments. PMT Setting I N A Previous Page Next Page Page 3 of 6

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