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Bob Jones bought a new log cabin for $70,000 at 4% interest for 15 years. Prepare an amortization schedule for the first three periods. (Use

Bob Jones bought a new log cabin for $70,000 at 4% interest for 15 years. Prepare an amortization schedule for the first three periods. (Use Table 15.1.) Note: Round your intermediate calculations and final answer to the nearest cent. Portion to- Payment Number Interest Principal Balance of loan outstanding 1 2 3

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