
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)
$60,000 for 3 years at 7% compounded annually
Period
Payment
Interest
Balance Reduction
Unpaid Balance
$60,000
1 2 3
$22863.10
$ 22863.10
$ 22863.10
$ 4200
$ 2893.58
$ 1495.72
$
$
$
XX
$
SA
$0.00
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