Loan Amortization. Change problem instructions: interest rate 12%, total payments 30, annual interest rate 12% (monthly rate=1.00%.)

303.91 TLUW.JU Practice Exercise 20-I: Loan Amortization This exercise illustrates a different principal amount th the same monthly interest rate and the same number of payinen erent principal amount than Example 20A, but computed at Required Compute the first 6 months of a loan amortivation schedule with a principal S60,000, an interest rate of 10%, and a payment period of 3 years or 36 months van amortization schedule with a principal balance of Loan Amortization Schedule Principal borrowed: $60,000 Total payments: 36 Annual interest rate 10.00% (monthly rate=0.8333%) Payment Total Principal Portion Interest Expense Remaining Payment of Payment Portion of Payment Principal Balance Beginning balance = $60,000.00 1 Stoctures