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# You have taken a loan of $68,000.00 for 36 years at a 3.8% annual interest rate, with interest compounded quarterly. Fill in the amortization table below to show how the payments will be applied to interest and principal: (Round all answers to 2 decimal places. Please note the order of the headings in the table - make sure you put

You have taken a loan of $68,000.00 for 36 years at a 3.8% annual interest rate, with interest compounded quarterly. Fill in the amortization table below to show how the payments will be applied to interest and principal: (Round all answers to 2 decimal places. Please note the order of the headings in the table - make sure you put the answers in the appropriate columns as layed out below.)

Payment number | Payment amount | Principal Amount | Interest | Balance |

0) | $68,000.00 | |||

1) | $ | $ | $ | $ |

2) | $ | $ | $ | |

3) | $ | $ | $ |

**Related Book For**

## Income Tax Fundamentals 2013

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

ISBN: 9781285586618