Question: uppose you borrow $ 1 4 , 0 0 0 . The interest rate is 6 % , and it requires 4 equal end -

uppose you borrow $14,000. The interest rate is 6%, and it requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter "0".
Beginning Repayment Ending
Year Balance Payment Interest of Principal Balance
1 $ fill in the blank 60
14000
$ fill in the blank 61
3005.46
$ fill in the blank 62
840
$ fill in the blank 63
3005.46
$ fill in the blank 64
10994.54
2 $ fill in the blank 65
10994.54
$ fill in the blank 66
$ fill in the blank 67
840
$ fill in the blank 68
$ fill in the blank 69
3 $ fill in the blank 70
7828.75
$ fill in the blank 71
$ fill in the blank 72
$ fill in the blank 73
$ fill in the blank 74
4 $ fill in the blank 75
4473.41
$ fill in the blank 76
$ fill in the blank 77
$ fill in the blank 78
$ fill in the blank 79

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