Prepare an amortization schedule for a three-year loan of
$84,000. The interest rate is 9 percent per year, and the loan
agreement calls for a principal reduction of $28,000 every year.
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.
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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