Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)
$20,000 for 1 year at 12% compounded quarterly
Period | Payment | Interest | Balance Reduction | Unpaid Balance |
---|---|---|---|---|
$20,000 | ||||
1 | $ | $ | $ | $ |
2 | $ | $ | $ | $ |
3 | $ | $ | $ | $ |
4 | $ | $ | $ | $0.00 |
Get Answers For Free
Most questions answered within 1 hours.