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Your firm just acquired a bank loan in the amount of $30,000 at 6% APR. Equal payments are to be made annually at the end
Your firm just acquired a bank loan in the amount of $30,000 at 6% APR. Equal payments are to be made annually at the end of each year for three years. Construct the amortization table.
Year#
Owed
Annual Payment
Principal Reduction
Interest
New Principal
1
$30,000.00
2
3
Total
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Cost Benefit Analysis Concepts And Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th Edition
1108401295, 978-1108401296
