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Question 1: (Continued) (b) Construct an amortization schedule by completely filling in the table below. Only show the necessary work for payment period #1 in the space below the table. No need to show work for all payment periods, just the first. Payment Number Amount Paid (PMT) Outstanding Principal Interest Paid Principal Repaid Balance 0 $20,000 1 2 3 4 5 6

Question 1: (Continued) (b) Construct an amortization schedule by completely filling in the table below. Only show the necessary work for payment period #1 in the space below the table. No need to show work for all payment periods, just the first. Payment Number Amount Paid (PMT) Outstanding Principal Interest Paid Principal Repaid Balance 0 $20,000 1 2 3 4 5 6

Essentials Of Investments
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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Question 1: (Continued) (b) Construct an amortization schedule by completely filling in the table below. Only show the necessary work for payment period #1 in the space below the table. No need to show work for all payment periods, just the first. Payment Number Amount Paid (PMT) Outstanding Principal Interest Paid Principal Repaid Balance 0 $20,000 1 2 3 4 5 6
Transcribed Image Text:Question 1: (Continued) (b) Construct an amortization schedule by completely filling in the table below. Only show the necessary work for payment period #1 in the space below the table. No need to show work for all payment periods, just the first. Payment Number Amount Paid (PMT) Outstanding Principal Interest Paid Principal Repaid Balance 0 $20,000 1 2 3 4 5 6
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