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Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $240,000 for 3 years at 8% compounded annually Period Payment
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)
$240,000 for 3 years at 8% compounded annually
| Period | Payment | Interest | Balance Reduction | Unpaid Balance |
|---|---|---|---|---|
| $240,000 | ||||
| 1 | $ | $ | $ | $ |
| 2 | $ | $ | $ | $ |
| 3 | $ | $ | $ | $0.00 |
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The Economics Of Money Banking And Finance
Authors: Keith Bain, Peter Howells
1st Edition
0582278007, 9780582278004
