47 A 48 6 Continue by completing this table for your 5-year, 10-year, and 15-year loans, based on the principal and interest rates given with monthly payments Loan principal (P) B Loan Calculation #1 (5-year loan) $23,000.00 D E Calculation #2 (10-year loan) Calculation #3 (15-year loan) Format the entries in each row as... $23,000.00 $23,000.00 49 50 51 APR from the table (r), with a slightly higher rate for longer loans Number of contributions per year (n) Number of years (t) 52 Payment amount (PMT): 53 Total amount paid over the time of 54 the loan: Total amount of interest paid: 55 Complete the third interest rate entry in section 3 above Complete the third interest rate entry in section 3 above Complete the third interest rate entry in section 3 above ...a Number with 0 decimal places ...a Number with 0 decimal places ...Currency with 2 decimal places ...Currency with 2 decimal places ...Currency with 2 decimal places 56 57