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Develop and amortization schedule for the loan Develop an amortization schedule for the loan described (Round your answers to the nearest cent.) $90,000 for 3
Develop and amortization schedule for the loan Develop an amortization schedule for the loan described (Round your answers to the nearest cent.) $90,000 for 3 years at 7% compounded annually Period Payment Interest 1 X $6,300.00 2 X $4,340.37 3 $2,243.58 What is the regular payment (Entry X)? From the table, what is the total interest? What is the last entry in Balance Reduction (Entry Y)? What is the last entry of unpaid balance (Entry Z)? Balance Unpaid Reduction Balance $90,000 $27.994.65 $62,005 35 $29,954.28 $32,051.07 Y Z A $12883.95 80.00 C $32,051.07 D. $34.294.65
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