Prepare an amortization schedule for loan

Reference no: EM132048147

Qusetion: Prepare an amortization schedule for three-year loan of $54,000. The interest rate is 8 percent per year, and the loan calls for equal annual payments. How much interest is paid in the third year? How much total interest is paid over the life of the loan? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132048147

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