Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)
$230,000 for 3 years at 6% compounded annually
Period
Period | Payment | Interest | Balance Reduction | Unpaid Balance |
1 | $ | $ | $ | $230,000 |
2 | $ | $ | $ | $ |
3 | $ | $ | $ | $0.00 |
Payment Interest Balance Reduction Unpaid Balance
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