un Enter Answers Correct Answers Below Below 6 2 points Each Answer (10 Points Total) Q1) Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $15,191 with an annual interest rate of 06.00%. The loan will be repaid over 36 years with monthly payments. a) What is the Loan Payment? 7 FIRST NAME b) What portion of this payment is Interest? 8 9 10 11 12 13 14 c) What portion of this payment is Principal? INSTRUCTIONS d) What is the Loan balance after first monthly payment? Q2) What is the most you would be willing to pay for a investment that will pay you $310 in one year, $830, in two years, and $82 in three years, if your required rate of return for this type of investment is 17.00% ? When inputting an answer, round your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places. 15 16