Question
Find the amortization table for a $8,000 loan amortized over 3 years with semiannual payments if the interest rate is 5.9% per year compounded semiannually. (Round your answers to
the nearest cent.)
Payment
Toward
Payment
Toward
Outstanding
Principle
End of
Payment
Made
Period
Interest
Principal
8000
1
2
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Transcribed Image Text

Find the amortization table for a $8,000 loan amortized over 3 years with semiannual payments if the interest rate is 5.9% per year compounded semiannually. (Round your answers to the nearest cent.) Payment Toward Payment Toward Outstanding Principle End of Payment Made Period Interest Principal 8000 1 2

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