Answer to Question #122652 in Financial Math for Ashmita

Question

II. Fill out the loan amortization schedule provided in the solution template down below for the first 5 loan payments. What do you notice about the composition of the payment amount?

Payment Number Beginning Loan Balance Payment Amount Interest Expense Principal Repayment Ending Loan Balance
1
2
3
4
5
b. also find the Ending Loan Balance Working Space for each payment:

Answer 1

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