00:01
Starting with year one, the beginning balance is $100 ,000.
00:05
The interest is $100 ,000 times 0 .6, which is $6 ,000.
00:10
The repayment of the principal is $17 ,739 .64, and the ending balance is $82 ,260 .36.
00:23
Then for year two, the beginning balance is $82 ,260 .36.
00:33
The interest is going to be $4 ,935 .62.
00:41
Two.
00:42
The repayment will be $18 ,804 .02, and the ending balance is going to be $63 ,456 .34.
00:58
For year three, the starting balance is going to be the same as our ending balance from before.
01:03
The interest is going to be 3 ,807 .38...