Question: Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $ 1 2 , 5 6

Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $12,560.00 with an annual interest rate of 12.96%. The loan will be repaid over 4.0 years with monthly payments.
Loan payment:
Interest portion:
Principle portion:
Loan balance after first monthly payment:

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