Question: Current Attempt in Progress A company takes out a six-year, $600,000 long-term loan on March 1. The interest rate on the loan is 7% per

Current Attempt in Progress A company takes out a six-year, $600,000 long-term loan on March 1. The interest rate on the loan is 7% per year, and blended payments of $10,229 (including both interest and principal) are to be made at the end of each month. The following is an extract from the loan amortization table the bank provided the company with: (a) Determine the missing amounts. (Round answers to O decimal places, eg. 125.) Beginning Loan Balance Payment 1 $600,000 Payment 2 593,271 Payment 3 586,503 Payment 4 Payment Interest (1) $3,500 10.229 (2) 10,229 3.421 (5) 10,229 (6)

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