Question: step by step, do not skip any steps. how did they get these numbers? EXAMPLE: Construct an amortization schedule for a $1,000, 4% annual rate

EXAMPLE: Construct an amortization schedule for a $1,000, 4% annual rate loan with 3 equal payments. PPT Chapter 5 (1) Slide Show Review View Tell me 28 A ATAO SE AVA w Convert to SmartArt Picture Shapes Text Box Arrange INTRO FUTURE VALUE PRESENTVALUE I&N ANNUITIES RATES/RETURN AMOR Illustrating an Amortized Payment: Where does the money go? $ 360.35 Interest 320.35 Principal Payments 1 2 3 0 Constant payments Declining interest payments Declining balance 5-36 MacBook Air
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