Question: Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $38120 with an annual interest rate

Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $38120 with an annual interest rate of 15.8%. The loan will be repaid over 4 years with monthly payments.

Loan payment Interest portion Principle portion Loan balance after first monthly payment

What is the most you would be willing to pay for a investment that will pay you $355 in one year, $809 in two years, and $128 in three years, if your required rate of return for this type of investment is 15.7%? Value of investment =

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