Prepare an amortization schedule for a three year loan of $10,000. The interest rate is 9% per year, and the loan calls for equal annual payments. How much interest is paid over the life of the loan? (use a financial calculator) (Also, develop the amortization schedule using Excel spread sheet)
Prepare an amortization schedule for a three year loan of $10,000. The interest rate is 9% per year, and the
Prepare an amortization schedule for a three year loan of $10,000. The interest rate is 9% per year, and the loan calls for equal annual payments. How much interest is paid over the life of the loan? (use a financial calculator) (Also, develop the amortization schedule using Excel spread sheet)
