Problemprepare an amortization schedule for a three-year, Ask an Expert

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Problem:

Prepare an amortization schedule for a three-year loan of $108,000. The interest rate is 9 percent per year, and the loan agreement calls for a principal reduction of $36,000 every year. How much total interest is paid over the life of the loan?

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Category:- Basic Finance
Reference No.:- M91148074

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