Question
Complete the following amortization table for a $30,000 loan at 5% interest. The loan will be repaid in 6 level annual payments with the first
Complete the following amortization table for a $30,000 loan at 5% interest. The loan will be repaid in 6 level annual payments with the first payment in 1 year.
| Time | Payment | Interest Paid | Principal repaid | Outstanding Balance |
| 1 | ||||
| 2 | ||||
| 3 | ||||
| 4 | ||||
| 5 | ||||
| 6 | ||||
| Total |
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Canadian Public Finance
Authors: Genevieve Tellier
1st Edition
1487594410, 978-1487594411
