Question: Prepare an amortization schedule for a five - year loan of $ 5 6 , 5 0 0 . The interest rate is 6 %

Prepare an amortization schedule for a five-year loan of $56,500. The interest rate is 6% APR,
and the loan calls for equal annual payments.
How much interest is paid in the third year?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
Prepare an amortization schedule for a five-year loan of $56,500. The

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