Amortization schedule.Chuck Ponzi has talked an elderly woman into loaning him

$25,000

for a new business venture. She has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the

$25,000

with an annual interest rate of

10%

over the next

10

years. Ponzi may choose to pay off the loan early if interest rates change during the next

10

years. Determine the ending balance of the loan each year under the three different payment plans:

c. the fully amortized loan