3. (7¹) Generate the amortization table for borrowing $5000, for 3 years, with interest rate of 7%, with annual payment of $1905. Period 0 1 23 Interest $36.85 216.65 83-3 So Principal 2461-65 1926 1988-3 1952 A Balance due 2589.65 613 too V

3. (7¹) Generate the amortization table for borrowing $5000, for 3 years, with interest rate of 7%, with annual payment of $1905. Period 0 1 23 Interest $36.85 216.65 83-3 So Principal 2461-65 1926 1988-3 1952 A Balance due 2589.65 613 too V

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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3. (7') Generate the amortization table for borrowing $5000, for 3 years, with
interest rate of 7%, with annual payment of $1905.
Period
0
1
2
3
Interest
556.85
216.65
83-3
so
Principal
2468-65
1926
A
1988-3
1955
Balance due
2539.65
613
•100

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