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Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $35,000 for 1 year at 12% compounded quarterly Period Payment
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)
$35,000 for 1 year at 12% compounded quarterly
Period | Payment | Interest | Balance Reduction | Unpaid Balance |
---|---|---|---|---|
$35,000 | ||||
1 | $ | $ | $ | $ |
2 | $ | $ | $ | $ |
3 | $ | $ | $ | $ |
4 | $ | $ | $ |
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