Question: 2 points Each Answer (10 Points Total) Q1) Prepare the first row of a loan amortization schedule based on the following information. The loan

2 points Each Answer (10 Points Total) Q1) Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $30,005 with an annual interest rate of 14.00%. The loan will be repaid over 5 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 $202 in one year, $598, in two years, and $953 in three years, if your required rate of retum for this type of investment is 15.00% ? Enter Answers Correct Answers Below Below FIRST NAME INSTRUCTIONS LAST NAME When inputting an answer, round your answer to the nearest 2 decimal places.If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places.

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