Question: Given the following partial amortization table for a loan with level repayment of principal : Time K(t) I(t) PR(t) OB(t) 0 1 470.03 4,178.06 16,712.24

Given the following partial amortization table for a loan with level repayment of principal:

Time K(t) I(t) PR(t) OB(t)
0
1 470.03 4,178.06 16,712.24
2
3
4
5

Compute K(2)

a.

$4,918.41.

b.

$4,326.38.

c.

$4,554.09.

d.

$5,419.36.

e.

$4,781.79.

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