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a. Complete an amortization schedule for a $28,000 loan to be repaid in equal installments at...

a. Complete an amortization schedule for a $28,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 11% compounded annually. Round all answers to the nearest cent.

Beginning Repayment Ending
Year Balance Payment Interest of Principal Balance
1 $   $   $   $   $  
2 $   $   $   $   $  
3 $   $   $   $   $  
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