Question: Given the following partial amortization table for a loan being repaid by level repayment of principle : Time K(t) I(t) PR(t) OB(t) 0 1 185.62

Given the following partial amortization table for a loan being repaid by level repayment of principle:

Time K(t) I(t) PR(t) OB(t)
0
1 185.62 2,970.00 26,730.00
2
3
4
5

Compute the payment amount K4.

a.

$3,347.93.

b.

$3,223.93.

c.

$3,533.93.

d.

$3,316.93.

e.

$3,099.94.

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