1- compound, real, simple

2-smallest, largest

3- declines, increases

4- smallest, largest

5- declines, increases

0 An important application of B interest involves amortized loans. Some common types of amortized loans are automobile loans, home mortapelons, and business ans. Each foon payment costs of interest and repayment of principal. This breakdown is often developed in an amortization schedule. Interest i Bin the first period and over the life of the Inan, while the principal repayment is in the first period and it thereafter Quantitative Problem. You need $10,000 to purchase a used car. Your wealthy unde is willing to lend you the money as an amortized on. We would like you to make annual payments for 4 years, with the first payment to be made one year from today. He requires an 8% annual retur What will be your annual loan payments? Do not round Intermediate calculations. Hound your answer to the nearest cent. 6 5 5. How much of your first payment will be applied to interest and to principal repayment? Do not runs intermediate calculations. Round your answers to the nearest cent. Interestis