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Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $190,000 for 3 years at 7% compounded annually Period Payment
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)
$190,000 for 3 years at 7% compounded annually
| Period | Payment | Interest | Balance Reduction | Unpaid Balance |
|---|---|---|---|---|
| $190,000 | ||||
| 1 | $ | $ | $ | $ |
| 2 | $ | $ | $ | $ |
| 3 | $ | $ | $ | $0.00 |
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An Introduction To Derivatives And Risk Management
Authors: Don M. Chance, Roberts Brooks
7th Edition
0324321392, 9780324321395
