Amortizing Loan Consider a 4-year amortizing loan. You borrow $394,000 initially, and repay...
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Amortizing Loan Consider a year amortizing loan. You borrow $ initially, and repay it in four equal annual yearend payments. a If the interest rate is calculate the annual payment. Do not round intermediate calculations. Round your answer to decimal places. Annual payment $ b Prepare an amortization schedule. Leave no cells blank be certain to enter wherever required. Do not round intermediate calculations. Round your answers to decimal places. Time Loan Balance YearEnd Interest Due on Balance YearEnd Payment Amortization of Loan $ $ $ $ c What is the loan balance at the end of year Do not round intermediate calculations. Round your answer to decimal places. Loan balance $ c Is it the present value of the remaining loan payments? 
Amortizing Loan
Consider a year amortizing loan. You borrow $ initially, and repay it in four equal annual yearend payments.
a
If the interest rate is calculate the annual payment. Do not round intermediate calculations. Round your answer to decimal places.
Annual payment $
b
Prepare an amortization schedule. Leave no cells blank be certain to enter wherever required. Do not round intermediate calculations. Round your answers to decimal places.
Time Loan
Balance YearEnd Interest
Due on Balance YearEnd
Payment Amortization
of Loan
$ $ $ $
c
What is the loan balance at the end of year Do not round intermediate calculations. Round your answer to decimal places.
Loan balance $
c
Is it the present value of the remaining loan payments?
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