Loan Principal=$10,000
Interest rate = 6%/yr
duration of loan = 3 yr
Solve for the ?'s
year, interest paid, principal payment
1, $600, ?
2, $411.54, $3,329.46
3, ?, ?
Also, what is the amount of principal owed at the beginning of year 3?
PLEASE HELP, i've tried this so many times and I can't solve it
Interest rate = 6%/yr
duration of loan = 3 yr
Solve for the ?'s
year, interest paid, principal payment
1, $600, ?
2, $411.54, $3,329.46
3, ?, ?
Also, what is the amount of principal owed at the beginning of year 3?
PLEASE HELP, i've tried this so many times and I can't solve it