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Complete the following table. Payment Number 0 Payment Due Date Monthly Payment Interest Paid Principal Paid Outstanding Balance S20 000.00 -- 1 2008/02/19 2008/03/19 2 3 4 s 6 7 8 9 10 11 12 13 14 15 TOTAL: $20 000.00 MAP4C1 Investigating the Effect of a Lump Sum Payment on a Loan Example #1 A loan of S20 000 at 6% compounded monthly is to be repaid with 15 monthly payments. The first payment is to be made 1 month from the date the loan was taken. Part 1: Determine the monthly payments. Part 2: Complete the following table. Payment Due Date Monthly Payment Interest Paid Principal Paid Payment Number 0 1 Outstanding Balance $20 000.00 2008/02/19 2008/03/19 2 3 4 S 6 7 8 9 10 11 12 13 14 IS TOTAL: S20 000.00