Question: Question # 7 : 3 0 Points chapter 1 0 The IOU Inc recently took a note on a property for $ 7 0 0

Question #7: 30 Points chapter 10
The IOU Inc recently took a note on a property for $700,000 with $100,000 payment due. The annual interest is 3% annually and the monthly payment is $2,750.
A: Prepare the first 6 month's amortization table:
\table[[Payment #,Payment,Interest Expense,Principle Reduction,Balance],[,,,,$750,000
Question #7: 30 Points chapter 10 The IOU Inc recently took

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