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Bob Jones bought a new log cabin for $64,000 at 10.5% interest for 30 years....

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Accounting

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Bob Jones bought a new log cabin for $64,000 at 10.5% interest for 30 years. Prepare an amortization schedule for the first three periods. (Use Table 15.1.) (Do not round intermediate calculations. Round your final answers to the nearest cent.) Payment Number 1 2 3 $ SA X Answer is complete but not entirely correct. Balance of loan outstanding Portion to- Interest 560.00 $ 559.78 $ 559.55 Principal 25.43 $ 25.66 X $ 25.88 $ 63,947.57 X 63,948.91 x 63,923.03 X

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