Loan Amortization and Capital Recovery (Answer all Please!)

Present value of annuity calculations are widely used for loan amortization and capital recovery problems. Both loan amortization and capital recovery problems require the calculations of annuity payments based on a given required rate of return. Suppose you take out a loan. The process in which your debt will be paid off in equal installments consisting of proportionate amounts of principal and interest is called capital recovery . After Shipra got a job, the first thing she bought was a car. She took out a loan for $30,000, with zero down payment. She agreed to pay off the loan by making annual payments for the next four years at the end of each year. Her bank is charging her an interest rate of 9%. You are helping Shipra figure out her annual payments to pay off her loan. Calculate the annual payment and complete the following loan amortization table