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Bob Jones bought a new log cabin for $70,000 at 6% interest for 30 years....

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Accounting

Bob Jones bought a new log cabin for $70,000 at 6% interest for 30 years. Prepare an amortization schedule for the first three periods.
Note: Do not round intermediate calculations. Round your final answers to the nearest cent.
\table[[\table[[Payment],[Number]],Portion to-,\table[[Balance of loan],[outstanding]]],[Interest,Principal]
Bob Jones bought a new log cabin for $70,000 at 6% interest for 30 years. Prepare an amortization schedule for the first three periods.
Note: Do not round intermediate calculations. Round your final answers to the nearest cent.
Answer is not complete.
\table[[\table[[Payment],[Number]],Portion to-,\table[[Balance of loan],[outstanding]]],[,rest,Principal],[1,$,497.78,,],[2,$,497.78,,],[3,$,497.78,,]]
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