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Bob Katz is purchasing a new Honda Pilot for $35,000.He is financing $32,000 with a six year, 4% loan with annual payments. Construct an amortization
Bob Katz is purchasing a new Honda Pilot for $35,000.He is financing $32,000 with a six year, 4% loan with annual payments. Construct an amortization schedule, in the 2nd year row, corresponding to his second annual payment, what is the dollar amount of the principal reduction?
Group of answer choices
a$5018
b$4825
c$4704
d$4523
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