Question: Consider a 4 year amortizing loan You borrow $334,000 initially, and repay it in four equal annual year-end payments a. If the interest rate is

Consider a 4 year amortizing loan You borrow $334,000 initially, and repay it in four equal annual year-end payments a. If the interest rate is 8 12%, calculate the annual payment. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Annual payment b. Prepare an amortization schedule (Leave no cells blank-be certain to enter "O" wherever required. Do not round intermediate calculations. Round your answers to 2 decimal places.) Time Loan Balance Year End interest Due on Balance Year-End Payment Amortization of Loan 0 S S 1 2 3 6.1. What is the loan balance at the end of your ? (Do not round intermediate calculations, Round your answer to 2 decimal places) Loan Dance 2. the present value of the coming town payments

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