Question: raded assignment(towards 15% HW grade) Help Save & Exit Submit Check my work 14 Consider a 4-year amortizing loan. You borrow $1,800 initially and repay
raded assignment(towards 15% HW grade) Help Save & Exit Submit Check my work 14 Consider a 4-year amortizing loan. You borrow $1,800 initially and repay it in four equal annual year-end payments a. If the interest rate is 10%, what is the annual payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) ints payment Print b. Prepare an amortization schedule. (Do not round intermediate calculations. Round your answers to 2 decimal places Leave no cells blank-be certain to enter "o wherever required.) Year-End Total YearAmortization End Payment of Loan ($) Time Loan Balance Interest Due Total Year on Loan Balance ($) 1,800.00 Prev 14of17 Next >
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