Question: Question 10 (of 10) > Save & Ext Submit . value. 2.00 points Prepare an amortization schedule for a three year loan of $63,000. The

Question 10 (of 10) > Save & Ext Submit . value.

Question 10 (of 10) > Save & Ext Submit . value. 2.00 points Prepare an amortization schedule for a three year loan of $63,000. The interest rate is 10 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? (Leave no cells blank. Enter 'o' where necessary. Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) Total Beginning Interest Principal Ending Year Balance Payment Payment Payment Balance 1 M 3 Total interest $ References eBook & Resources Worksheet Learning Objective: 05-03 Describe how loans are amortized or paid off. Difficult 2 Intermediate Section Loan Tswandelion 2 3:12 AM 18/09/2020

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