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Compute an amortization schedule for a $19600, 10 year annual amortization loan, paying 9.8%. Payments are to be made at the beginning of the year.
Compute an amortization schedule for a $19600, 10 year annual amortization loan, paying 9.8%. Payments are to be made at the beginning of the year. If instead the loan was originally structured with a $6000 balloon payment at the end of the tenth year, how much of the tenth year plus balloon payment would be principal?
< $-3000
> $3000
$-1000-$1000
$-3000-$-1000
$1000-$3000
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