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Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $230,000 for 3 years at 9% compounded annually Period Payment
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)
$230,000 for 3 years at 9% compounded annually
| Period | Payment | Interest | Balance Reduction | Unpaid Balance |
|---|---|---|---|---|
| $230,000 | ||||
| 1 | $ | $ | $ | $ |
| 2 | $ | $ | $ | $ |
| 3 | $ | $ | $ | $0.00 |
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Commodity Finance
Authors: Weixin Huang
2nd Edition
0857196650, 978-0857196651
