Consider a three year, uniform payment, amortizing mortgage of $50,000, with annual payments of $20,105 74 and 10 annual interest Quantity Year 0 1 2 3 BOP Balance NA 50,000 00 Loan Payment NA 20,105 74 20,105 74 20,105 74 Interest portion NA 5,000 00 Amortization NA EOP Balance 50,000 00 34,894 26 QUESTION What is the BOP Loan Balance for Year 3

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Consider a three year, uniform-payment, amortizing mortgage of $50,000, with annual payments of $20,105.74 and 10% annual interest. Quantity Year 0 1 2 3 BOP

Consider a three year, uniform-payment, amortizing mortgage of $50,000, with annual payments of $20,105.74 and 10% annual interest.

Quantity	Year 0	1	2	3
BOP Balance	NA	50,000.00
Loan Payment	NA	20,105.74	20,105.74	20,105.74
Interest portion	NA	5,000.00
Amortization	NA
EOP Balance	50,000.00	34,894.26

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What is the BOP Loan Balance for Year 3?

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