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13. Creating an amortization schedule Ian loaned his friend $25,000 to start a new business....

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13. Creating an amortization schedule Ian loaned his friend $25,000 to start a new business. He considers this loan to be an investment, and therefore requires his friend to pay him an interest rate of 10% on the loan. He also expects his friend to pay back the loan over the next our years by making annual payments atthe endof each year la teted and asked that you help him calculate the annual payments that he should expect to receive so that he can recover his initial investment and earn the agreed-upon 10% on his investment. Calculate the annual payment and complete the following capital recovery schedule: BeginningPayment Amount $25,000.00 Interest Paid Principal Paid Year Ending Balance 4 $0.00

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