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Suppose you want to buy a house which is valued at $100,000. You decide to borrow...

Suppose you want to buy a house which is valued at $100,000. You decide to borrow the money
from the bank at an interest rate of 12.5 percent and agree to make equal annual end of year
payments over the next 5 years to fully repay the loan. Also assume you work as a financial
manager at the bank and you want to prepare a loan amortization schedule yourself.
So, prepare the loan amortization schedule showing separate columns for the Year, beginning-
of-year principal, loan payment, interest amount, principal amount and end-of-year principal.

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jeff jeffy answered 1 year ago
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