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Construct an amortization schedule for a $1,000, 3.5% annual rate loan with 3 equal payments. The first payment will be made at the end of
Construct an amortization schedule for a $1,000, 3.5% annual rate loan with 3 equal payments. The first payment will be made at the end of the1st year. Find the required annual payments
$356.9 | ||
$367.2 | ||
$377.2 | ||
$390.7 |
Based on the information from Question 35, whats the ending balance of the amortized loan at the end of the first year?
$0 | ||
$578.2 | ||
$678.1 | ||
$682.8 |
Based on the information from Question 35 and 36, whats the ending balance of the amortized loan at the end of the 3rd year?
$0 | ||
$55.4 | ||
$80.0 | ||
$101.6 |
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