Question
Set up an amortization schedule for a $25000 loan to be repaid in equal installments at the end of each of the next 5 years.
Set up an amortization schedule for a $25000 loan to be repaid in equal installments at the end of each of the next 5 years. The interest rate is 10% compounded annually.
question 1: what is the payment every year? (provide the number without any digital unit, accurate to two decimal place )
question 2: What percentage of the interest among this payment in the first year? (provide the number before unit of %, accurate to two decimal place. the same for question 3 to question 11 ) question 3: What percentage of the principal among this payment in the first year?
question 4: What percentage of the interest among this payment in the second year?
question 5: What percentage of the principal among this payment in the second year?
question 6: What percentage of the interest among this payment in the third year?
question 7: What percentage of the principal among this payment in the third year?
question 8: What percentage of the interest among this payment in the fourth year?
question 9: What percentage of the principal among this payment in the fourth year?
question 10: What percentage of the interest among this payment in the fifth year?
question 11: What percentage of the principal among this payment in the fifth year?
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