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Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $210,000 for 3 years at 6% compounded annually Period Payment
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)
$210,000 for 3 years at 6% compounded annually
| Period | Payment | Interest | Balance Reduction | Unpaid Balance |
|---|---|---|---|---|
| $210,000 | ||||
| 1 | $ | $ | $ | $ |
| 2 | $ | $ | $ | $ |
| 3 | $ | $ | $ | $0.00 |
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
12th Global Edition
1292268859, 978-1292268859
