Bob Jones bought a new log cabin for $65,000 at 11% interest for 30 years. Prepare an amortization schedule for the first three periods. (Do not round intermediate calculations. Round your final answers to the nearest cent.) Payment Number 1 2 3 Portion to- Interest Principal Balance of loan outstanding

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Q: use amortization table to answer this question bob jones brought a new log cabin for $325,00 at 8%…

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