Chapter 5 Question 55 Input area: Loan amount $ Interest rate Loan term Output area: Loan payment 58,500 6% 5 5 $13,887.69 Year Beginning balance 1 $ 58,500.00 2 3 Total interest paid over life of loan Total payment Interest paid Principal paid Ending balance 48,122.31 $ 13,887.69 $ 3,510.00 $ 10,377.69 $

Chapter 5 Question 55 Input area: Output area