Ybankhasofferedyoua10000005yearloanataninterestrateof115 requiring equal annual endofyear payments that include both principal and interest on the unpaid balance Develop

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Ybankhasofferedyoua10000005yearloanataninterestrateof115 requiring equal annual endofyear payments that include both principal and interest on the unpaid balance Develop an amortization schedule for this loan Out of the 4th year payment what is the amount for principal and interest respectively