TABLE 15-1 Amortization table (mortgage principal and interest per $1,000) INTEREST Term in years 3,1% 5% 5,1% 6% 61% 7% 71% 8% 81% 9% 10% 102% 11% 10 9.89 10.61 10.86 11.11 11.36 11.62 11.88 12.14 12.40 12.67 12.94 13.22 13.50 13.78 12 8.52 9.25 9.51 9.76 10.02 10.29 10.56 10.83 11.11 11.39 11.67 11.96 12.25 12.54 15 7.15 7.91 8.18 8.44 8.72 8.99 9.28 9.56 9.85 10.15 10.45 10.75 11.06 11.37 17 6.52 7.29 1.56 7.84 8.12 8.40 8.69 8.99 9.29 9.59 9.90 10.22 10.54 10.86 20 5.80 6.60 7.17 7.46 7.76 8.68 9.00 9.33 9.66 9.99 10.33 6.88 6.51 8.06 7.75 8.37 8.07 22 5.44 6.20 6.82 7.44 8.39 8.72 9.05 9.39 10.08 7.13 6.76 9.73 9.45 25 5.01 5.85 6.15 6.45 7.07 7.39 7.72 8.06 8.40 8.74 9.09 9.81 30 4.50 5.37 5.68 6.00 6.66 7.34 8.05 8.41 8.78 9.15 9.53 6.33 6.05 7.00 6.75 7.69 7.47 35 3.99 5.05 5.38 5.71 6.39 7.11 7.84 8.22 8.60 8.99 9.37 Bob Jones bought a new log cabin for $68,000 at 11% 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.) Payment Number Portion to- Interest Principal Balance of loan outstanding 1 2 3