Question: can you show the steps to get to this answer without excel ? LOAN AMORTIZATION SCHEDULE Prepare a loan amortization schedule for the first payment

can you show the steps to get to this answer without excel ?

LOAN AMORTIZATION SCHEDULE Prepare a loan amortization schedule for the first payment for a five-year $5,000 amortized loan with an annual rate of 9% and annual payments. What is the outstanding loan balance at the end of the first year? [ $4,164.54 ] How much total interest would be paid over the life of this loan? [ $1,427.30 ]

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