How much total interest is paid over the life of the loan

Reference no: EM13807783

Prepare an amortization schedule for a three year loan of 84,000. The interest rate is 9 percent per year and the loan calls for equal annual payments. How much total interest is paid over the life of the loan?

Reference no: EM13807783

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How much total interest is paid over the life of the loan : Prepare an amortization schedule for a three year loan of 84,000. The interest rate is 9 percent per year and the loan calls for equal annual payments. How much total interest is paid over the life of the loan?

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