Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)$180,000 for 3 years at 10% compounded annuallyPeriodPaymentInterestBalance ReductionUnpaid Balance$180,00012424243$0.00

given, P=$180,000 R=10% N=3 YEARS

Answered: Develop an amortization schedule for…

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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Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $180,000 for 3 years at 10% compounded annually Period Payment Interest Balance Reduction Unpaid Balance $180,000 1 24 24 24 3 $0.00