Complete an amortization schedule for a $27,000 loan to be repaid in equal installments at the end of each of the next three yea

Question

3 years ago

11

Complete an amortization schedule for a $27,000 loan to be repaid in equal installments at the end of each of the next three yea

rs. The interest rate is 12% compounded annually. If an amount is zero, enter "0". Do not round intermediate calculations. Round your answers to the nearest cent.

Mathematics

1 answer:

leva [86] · Answer 1 · 2022-01-01T16:34:00+03:00

leva [86]3 years ago

6 0

Answer:

Amount paid annually = $11241.42

Step-by-step explanation:

The steps are as shown in the attached file