Question: Please dont round until after all calculations have been completed. Please then round to 2 decimal places. Thank you. Prepare the first row of a

Please dont round until after all calculations have been completed. Please then round to 2 decimal places. Thank you.

Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $13,481 with an annual interest rate of 05.00%. The loan will be repaid over 29 years with monthly payments. 1. What is the Loan Payment? 2. What portion of this payment is interest? 3. What portion of this payment is Principal? 4. What is the Loan balance after first monthly payment? Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $13,481 with an annual interest rate of 05.00%. The loan will be repaid over 29 years with monthly payments. 1. What is the Loan Payment? 2. What portion of this payment is interest? 3. What portion of this payment is Principal? 4. What is the Loan balance after first monthly payment

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