You have taken a loan of $92,000.00 for 35 years at a 4.9% annual interest rate, with interest compounded quarterly. Fill in the amortization table below to show how the payments will be applied to interest and principal: (Round all answers to 2 decimal places. Please note the order of the headings in the table - make sure you put the answers in the appropriate columns as layed out below.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You have taken a loan of $92,000.00 for 35 years at a 4.9% annual interest rate, with interest
compounded quarterly. Fill in the amortization table below to show how the payments will be
applied to interest and principal: (Round all answers to 2 decimal places. Please note the order of
the headings in the table - make sure you put the answers in the appropriate columns as layed out
below.)
Payment number Payment amount Principal Amount Interest
0)
1)
2)
3)
$
LA
tA
+A
LA
$
Balance
$92,000.00
tA
LA
Transcribed Image Text:You have taken a loan of $92,000.00 for 35 years at a 4.9% annual interest rate, with interest compounded quarterly. Fill in the amortization table below to show how the payments will be applied to interest and principal: (Round all answers to 2 decimal places. Please note the order of the headings in the table - make sure you put the answers in the appropriate columns as layed out below.) Payment number Payment amount Principal Amount Interest 0) 1) 2) 3) $ LA tA +A LA $ Balance $92,000.00 tA LA
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