Question

Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $50,000...

Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)

$50,000 for 3 years at 7% compounded annually

Period Payment Interest Balance Reduction Unpaid Balance
$50,000
1 $
2 $
3 $0.00

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