a Complete an amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each of the next three years The interest rate is 10 compounded annually Round all answers to the nearest cent Beginning Repayment Ending Year Balance Payment Interest of Principal Balance 1 $ $ $ $ $ 2 $ $ $ $ $ 3 $ $ $ $ $ b What percentage of the payment represents interest and what percentage represents principal for each of the three years Round all answers to two decimal places Interest Principal Year 1 Year 2 Year 3 Open spreadsheet a Complete an amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each of the next three years The interest rate is 10 compounded annually Round all answers to the nearest cent Beginning Repayment Ending Year Balance Payment Interest of Principal Balance A A to A A to A A 3 $ to b What percentage of the payment represents interest and what percentage represents principal for each of the three years Round all answers to two decimal places Principal Interest Year 1 Year 2 Year 3

Question

a  Complete an amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each of the next three years  The interest rate is 10  compounded annually  Round all answers to the nearest cent  Beginning Repayment Ending Year Balance Payment Interest of Principal Balance 1 $ $ $ $ $ 2 $ $ $ $ $ 3 $ $ $ $ $ b  What percentage of the payment represents interest and what percentage represents principal for each of the three years  Round all answers to two decimal places    Interest   Principal Year 1      Year 2      Year 3      Open spreadsheet a  Complete an amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each of the next three years  The interest rate is 10  compounded annually  Round all answers to the nearest cent  Beginning Repayment Ending Year Balance Payment Interest of Principal Balance A A to A A to A A 3 $ to b  What percentage of the payment represents interest and what percentage represents principal for each of the three years  Round all answers to two decimal places    Principal   Interest Year 1  Year 2  Year 3

Accepted Answer

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	% Interest	% Principal
Year 1:	%	%
Year 2:	%	%
Year 3:	%	%

Question

a. Complete an amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each of the next three years.

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	Beginning			Repayment	Ending
Year	Balance	Payment	Interest	of Principal	Balance
1	$	$	$	$	$
2	$	$	$	$	$
3	$	$	$	$	$