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A three-year loan of $87,000 to be paid off. You will pay equal amount on an annual basis. Compute the values in the amortization table.
A three-year loan of $87,000 to be paid off. You will pay equal amount on an annual basis. Compute the values in the amortization table. The annual interest rate is 10 percent. Assume you pay off the loan in three years. the total interest paid over the life of the loan is (Do not round intermediate calculations and round your answers to 2 decimal places, enter values as 32.16, no dollar sign, or comma separator) Numeric Response
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