Question: PLEASE HELP Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $130,000 for 3 years at 8% compounded annually
PLEASE HELP

Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $130,000 for 3 years at 8% compounded annually Period Payment Interest Balance Reduction Unpaid Balance $130,000 866.67 8690.88 $ 48884.76 $ 86599.06 2 $ 43529.97 $ 5354.79 48884.76 $ 146654.19 43069.09 $ 1741.85 $ 44810.94 $0.00 Need Help? Read It
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
