Question
Show the amortization over the life of a 3 year, 10,000 loan at 10% APR and fixed payments. Show work/equations for credit. Hint: Use the
Show the "amortization" over the life of a 3 year, 10,000 loan at 10% APR and fixed payments. Show work/equations for credit. Hint: Use the following as a guide.
| Year | Beg Balance | Payment | PMT (Principle) | PMT (Interest) | End Balance |
| 1 | 10,000 |
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| 2 |
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