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 amount

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 $4,228 with an annual interest rate of 02.00%. The loan will be repaid over 39 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? 3 4 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 $671 in one year, $692, in two years, and $959 in three years, if your required rate of retum for this type of investment is 12.00% ? 15 16 17 27 28 29 SCORE - This Attempt FINAL SCORE

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