Create the amortization schedule for a loan of $15,000, paid monthly over three years using a 9 percent APR. Enter the data for the first three months. (Round your answers to 2 decimal places.) Month 1 2 3 Beginning Balance Total Payment Interest Paid $ 15,000.00 $ 477.00+0.5% $ 112.50+-0.5% 477.00+/-0.5% 109.77+/-0.5% 477.00+/-0.5% 107.01+/-0.5% 14,635.50+/-0.1% 14,268.27+/-0.1% Principal Paid $ 364.50+-0.5% 367.23+/-0.5% 369.98+/-0.5% Ending Balance $ 14,635.50+-0.1% 14,268.27+/-0.1% 13,898.29+/-0.1%
Create the amortization schedule for a loan of $15,000, paid monthly over three years using a 9 percent APR. Enter the data for the first three months. (Round your answers to 2 decimal places.) Month 1 2 3 Beginning Balance Total Payment Interest Paid $ 15,000.00 $ 477.00+0.5% $ 112.50+-0.5% 477.00+/-0.5% 109.77+/-0.5% 477.00+/-0.5% 107.01+/-0.5% 14,635.50+/-0.1% 14,268.27+/-0.1% Principal Paid $ 364.50+-0.5% 367.23+/-0.5% 369.98+/-0.5% Ending Balance $ 14,635.50+-0.1% 14,268.27+/-0.1% 13,898.29+/-0.1%
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 21P
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