Question: 2 Decimal points Enter 2 points Each Answer (10 Points Total) Belo Q1) Prepare the first row of a loan amortization schedule based on the

2 Decimal points

Enter 2 points Each Answer (10 Points Total) Belo Q1) Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $5,352 with an annual interest rate of 15.00%. The loan will be repaid over 22 years with monthly payments. a) What is the Loan Payment? b) What portion of this payment is Interest? c) What portion of this payment is Principal? d) What is the Loan balance after first monthly payment? Q2) What is the most you would be willing to pay for a investment that will pay you $524 in one year, $713, in two years, and $198 in three years, if your required rate of return for this type of investment is 22.00%

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