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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. What is the amount amortized in year
Consider a three year, uniform-payment, amortizing mortgage of $50,000, with annual payments of $20,105.74 and 10% annual interest. What is the amount amortized in year 1 (in the EOY 1 payment)? Round your answer to zero decimal places. Write your answer as a positive number. Question 2 What is the interest portion of the Year 2(Y2) payment? Round your answer to zero decimal places. Write your answer as a positive number
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