Question: provide amortization table and answer what is being asked. kindly show your solution Instructions: Provide amortization table and answer what is being asked. Show your

 provide amortization table and answer what is being asked. kindly show

provide amortization table and answer what is being asked. kindly show your solution

Instructions: Provide amortization table and answer what is being asked. Show your solutions COMPLETELY and NEATLY. TOTAL POINTS: 35 1. A P 15,000 loan at 6% compounded monthly is repaid by monthly payments over four years. a. Amortization Table (5pts) b. What is the size of the monthly payment? (2pts) c. Calculate the principal portion of the 25th payment. (2pts) d. Calculate the interest portion of the 33rd payment. (2pts) e. Calculate the total interest paid in the second year. (2pts) f. Calculate the principal portion of the payments in the third year. (2pts) 2. At the age of 54, Hillary just finished all the arrangements on her parents' estate. She is going to invest her P 75,000 inheritance at 6.25% compounded annually until she retires at age 65, and then she wants to receive month-end payments for the following 20 years. The income annuity is expected to earn 3.85% compounded annually. a. Amortization Table (5pts) b. What are the principal and interest portions for the first payment of the income annuity? (6pts) c. What is the portion of interest earned on the payments made in the second year of the income annuity? (3pts) d. By what amount is the principal of the income annuity reduced in the fifth year? (6pts)

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