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please help me with the numbers in the problem. thank you!! Prepare an amortization schedule for a three-year loan of $93,000. The interest rate is
please help me with the numbers in the problem. thank you!!
Prepare an amortization schedule for a three-year loan of $93,000. The interest rate is 8 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? (Leave no cells blank. Enter '0' where necessary. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Interest Principal Year Beginning Balance Total Payment Ending Balance Payment Payment 1 2 3 Total interest Step by Step Solution
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