Question: Current Attempt in Progress A company takes out a six-year, $550,000 long-term loan on March 1. The interest rate on the loan is 7%

Current Attempt in Progress A company takes out a six-year, $550,000 long-term loan on March 1. The interest rate on the loan is 7% per year, and blended payments of $9,377 (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) Your answer is correct. Determine the missing amounts. (Round answers to 0 decimal places, e.g. 125.) Interest 9.377 (1) $3,208 Beginning Loan Balance Payment Payment 1 $550,000 $ Payment 2 543,831 Payment 3 537,626 9,377 3172 (2) 9,377 3,136

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