Question: You are borrowing $200,000 for an amortized loan with terms that include annual payments,5 year loan, and interest rate of 5.8 per year. How much

You are borrowing $200,000 for an amortized loan with terms that include annual payments,5 year loan, and interest rate of 5.8 per year. How much of the first year's payment would be applied toward reducing the principal? Answer to the nearest cent XXX.XX, and do not enter the dollar sign. If someone will pay you 100 dollars in 11 years and interest rate is estimated to be 6.7% over those years, what is the present value of that cash flow? Provide answer to the nearest cent, Xxx.xx, and enter without a dollar sign

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