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Bob Jones bought a new log cabin for $70,000 at 6% interest for 30 years. Prepare an amortization schedule for the first three periods.

Bob Jones bought a new log cabin for $70,000 at 6% interest for 30 years. Prepare an amortization schedule for the first three periods. Note: Do not round intermediate calculations. Round your final answers to the nearest cent. Portion to- Payment Number Interest Principal Balance of loan outstanding

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