Question: Please show work done. Set up a first-month amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each

Please show work done. Set up a first-month amortization schedule for a Please show work done.

Set up a first-month amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each month for 3 years. The interest rate is 10% compounded monthly. (Please make sure that all answers are rounded to the second decimal and no "comma" sign should be included.) Period Beginning Balance Year 1 $25000 Payment Amount Interest Paid Principal Paid Ending Balance

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