Question: K L (check figure: long term portion = 27,781.70) 1. Create the payment and the amortization schedule for the following loan: Loan amount is

K L (check figure: long term portion = 27,781.70) 1. Create the

K L (check figure: long term portion = 27,781.70) 1. Create the payment and the amortization schedule for the following loan: Loan amount is $32,000.00; annual interest rate is 5.25%; length of loan is 7 years Loan originated on 2/1/2015 Payments are due every month starting on 2/28/2015 What will be the current portion of the loan after the first loan payment is made?

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