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Amortization schedule. chuck ponzi has talked an elderly woman into loaning him $25,000 for a new...

Amortization schedule. chuck ponzi has talked an elderly woman into loaning him $25,000 for a new business venture. she has, however, successfully passed a finance class and requires chuck to sign a binding contract on repayment of the $25,000 with an annual interest rate of 10% over the next 5 years. ponzi may choose to pay off the loan early if interest rates change during the next 5 years. determine the ending balance of the loan each year under the three different payment plans.

A) the discount loan
B) the interest-only loan
C) the fully amortized loan

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