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    jrdavis30's Avatar
    jrdavis30 Posts: 2, Reputation: 1
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    #1

    Aug 25, 2009, 11:36 AM
    Amortization schedule
    Prepare an amortization schedule for a three year loan of $10,000. The interest rate is 9% per year, and the loan calls for equal annual payments.

    How much interest is paid over the life of the loan? (use a financial calculator)
    (Also, develop the amortization schedule using Excel spread sheet)
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Aug 25, 2009, 11:47 AM

    Please review the guidelines on asking for help with homework that can be found here:



    Ask Me Help Desk - Announcements in Forum : Arts & Literature

    BTW, Excel include3s an amortization schedule template.
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