Your firm just acquired a bank loan in the amount of $30,000 at 6% APR....
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Your firm just acquired a bank loan in the amount of $30,000 at 6% APR. Equal payments are to be made annually at the end of each year for three years. Construct the amortization table. Year# Owed Annual Payment Principal Reduction Interest New Principal 1 $30,000.00 2 3 Total
Your firm just acquired a bank loan in the amount of $30,000 at 6% APR. Equal payments are to be made annually at the end of each year for three years. Construct the amortization table.
Year#
Owed
Annual Payment
Principal Reduction
Interest
New Principal
1
$30,000.00
2
3
Total
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