Question
Drill Problem 15-8 [LU 15-2 (1)] Bob Jones bought a new log cabin for $74,000 at 10.5% interest for 30 years. Prepare an amortization schedule
Drill Problem 15-8 [LU 15-2 (1)]
| Bob Jones bought a new log cabin for $74,000 at 10.5% interest for 30 years. Prepare an amortization schedule for the first three periods. (Use Table 15.1.) (Do not round intermediate calculations. Round your final answers to the nearest cent.) |
| Portion to | |||
| Payment number | Interest | Principal | Balance of loan outstanding |
| 1 | $ | $ | $ |
| 2 | $ | $ | $ |
| 3 | $ | $ | $ |
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New Issues In Financial Institutions Management
Authors: F Fiordelisi, P Molyneux, D Previati
2010th Edition
0230278108, 978-0230278103
