amortizacin

Bob Jones bought a new log cabin for $72,000 at 10% interest for 30 years. Prepare an amortization schedule for the first three perlods. (Use Table 151) (Do not round intermediate calculations. Round your final answers to the nearest cent.) Payment Number Balance of loan outstanding 1 2 $ $ Portion to Interest Principal 600.00 100.00 500.00 3 $ TABLE 15-1 Amortization table (mortgago principal and interest par $1.000) INTEREST Term In years 3% 58 5.3% 6% 6% 7% 7 8% 81% 9% 91% 10% 10% 11%. 9.99 10 12 10.86 051 11.11 07 12.94 11.67 1322 11 11.36 10.02 8.72 8:12 10.61 025 7.91 7.29 6.60 620 5.85 11.62 10.29 8.99 8.40 12.14 10.83 9.56 8.99 15 17 12.40 11.11 9.85 9.29 7.15 6.52 5.80 5.44 5.01 1.88 1056 9.28 8.69 8.06 7.75 7.39 8.18 7.56 6.88 651 844 7 84 7.17 682 6.45 6.00 571 1267 11 30 10.15 9.59 9.00 8.72 8.40 20 22 25 30 35 13.50 1225 11.06 1054 9.99 973 9.45 7.46 7.13 6.76 7.76 7.44 7.07 10.45 9.90 9.33 9.05 8.74 8.41 8.22 8.37 8.07 7.72 734 7.11 868 8.39 8.06 7.69 10.75 1022 9.66 9.39 9.09 8.78 8.60 1378 12.50 11.37 10 86 10.33 10.08 9.81 9.53 937 6.15 568 538 4.50 3.99 537 5.05 6.33 6.05 9.15 6.66 6.39 7.00 6.75 8.05 7.84 7.47 8.99