Question: 16. (20 points) Construct an amortizations raments. Use two decimal digit de for a Month Beginning Balance Monthly 126 nominal rate loan with 6 months

16. (20 points) Construct an amortizations raments. Use two decimal digit de for a Month Beginning Balance Monthly 126 nominal rate loan with 6 months equal Principal Payment Ending Balance a. Find monthly payment: b. Find interest payment: periodic rate- interest Event c. Find principal payment: monthly payment - interest payment d. Ending balance beginning balance - principal payment = e. Total monthly = monthly payment x6 = f. Total interest payment total monthly payment - total principal payment

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