The hotel you manage just purchased a new piece of property that is financed with a...

 

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The hotel you manage just purchased a new piece of property that is financed with a $200,000 amortized loan. If this loan is to be paid off in 4 equal, end-of-the-year annual payments and has an interest rate of 8.00%, how much of the third year's payment goes toward paying principal? The hotel you manage just purchased a new piece of property that is financed with a $200,000 amortized loan. If this loan is to be paid off in 4 equal, end-of-the-year annual payments and has an interest rate of 8.00%, how much of the third year's payment goes toward paying principal?