Question: You are preparing a loan amortization table for a 1-year loan of $1000 with a monthly interest rate of 1%. What is your principal

You are preparing a loan amortization table for a 1-year loan of

You are preparing a loan amortization table for a 1-year loan of $1000 with a monthly interest rate of 1%. What is your principal payment in month three of the amortization schedule?

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