Prepare an amortization schedule for a three-year loan of
$96,000. The interest rate is 9 percent per year, and the loan
calls for equal annual payments. How much total interest is paid
over the life of the loan?(Enter rounded
answers as directed, but do not use rounded numbers in intermediate
calculations.Round your answers to 2 decimal
places (e.g., 32.16). Leave no cells blank. You must enter '0' for
the answer to grade correctly.)
This question was answered on: Dec 08, 2020
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