Question: 1. Construct an amortization schedule for a $1,000, 8% annual rate loan with 3 equal payments. The first payment will be made at the end

1. Construct an amortization schedule for a $1,000, 8% annual rate loan with 3 equal payments. The first payment will be made at the end of the1^st year. Find the required annual payments

A) $355.8

B) $367.2

C)$388.0

D)$390.7

2. Based on the information from Question 1, whats the ending balance of the amortized loan at the end of the third year

A)$0

B)$349.7 C)$388.3

D)$692.0

3. Based on the information from Question 1 and 2, calculate the total amount of interests you should pay for the amortized loan in three years

A)$128.8

B)$145.4

C)$150.0

D)$164.1

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