Question: Use the given yearly payment schedule. a. What is the loan amount? b. What is the length of the loan? c. What is the monthly

Use the given yearly payment schedule.
a. What is the loan amount?
b. What is the length of the loan?
c. What is the monthly payment?
d. What is the total interest paid?
e. Construct a scatterplot using the data points (year, loan balance).
f. Write a linear regression equation that approximates the year/loan balance relationship. Round to nearest hundredth.
g. Write a quadratic regression equation that approximates the year/loan balance relationship. Round to nearest hundredth.
h. Write a cubic regression equation that approximates the year/loan balance relationship. Round to the nearest hundredth.

Year Principal Pald Interest PaidLoan Balance $ 680.52 737.01 $ 798.18 864.43 $ 936.17 6 1,013.88 7 S 1,098.03 $ 1,189.16 $ 1,287.86 $ 1,394.76 $775.41 $718.92 $ 657.75 591.50 $ 519.76 $442.05 357.90 $ 266.77 168.07 S 61.18 $ 10,000.00 $ 9,319.48 $ 8,582.47 7,784.29 $ 6,919.86 5,983.69 $ 4,969.81 $ 3,871.78 2,682.62 $ 1,394.76 0.00 10

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