SOLVED:Amortization schedule a. Set up an amortization schedule for a 25,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 10 percent, compounded annually. b. What percentage of the payment represents interest and what percentage represents principal for each of the 3 years? Why do these percentages change over time?

SOLVED:Prepare an amortization schedule for each loan. A loan of 37,948 with interest at 6.5% compounded annually, to be paid with equal annual payments over 10 years.

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