Find the amortization table for a $8,000 loan amortized in five annual payments if the interest rate is 4.3% per year compounded annually. (Round your answers to the nearest cent.) End of Period Repayment Made Interest Charged Payment Toward Principal Outstanding principle 0 8,000 1 2 3 4 5
Find the amortization table for a $8,000 loan amortized in five annual payments if the interest rate is 4.3% per year compounded annually. (Round your answers to the nearest cent.) End of Period Repayment Made Interest Charged Payment Toward Principal Outstanding principle 0 8,000 1 2 3 4 5
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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Find the amortization table for a $8,000 loan amortized in five annual payments if the interest rate is 4.3% per year compounded annually. (Round your answers to the nearest cent.)
End of Period |
Repayment Made |
Interest Charged |
Payment Toward Principal |
Outstanding principle |
0 | 8,000 | |||
1 | ||||
2 | ||||
3 | ||||
4 | ||||
5 |
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