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Prepare an amortization schedule for a ten-year loan of $200,000. The interest rate is 9% per year and the loan calls for equal annual payments.
- Prepare an amortization schedule for a ten-year loan of $200,000. The interest rate is 9% per year and the loan calls for equal annual payments. Prepare an amortization schedule for the 10 years.
Loan amount | |
Interest rate | |
Number of years | |
Equal Payments |
Generate the Loan amortization table with equal payment.
Years | Beginning Balance | Total Payment | Interest Paid | Principal Payment | Ending Balance |
1 | |||||
2 | |||||
3 | |||||
4 | |||||
5 | |||||
6 | |||||
7 | |||||
8 | |||||
9 | |||||
10 | |||||
Total |
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