Answer Happy

You have taken out a loan of $25,000 for 4 years with an interest rate of 3% compounded annually. The loan will be repaid by end of year payments. Fill in all the boxes below, and round all entries to the nearest cent. Enter only positive values for ALL ANSWERS. First 3 payment amounts: $ Payment Payment number amount (0) 1) 2) 3) $ same as above same as above Interest $ $ Principal repaid Balance $25,000 $ $ Oh no he $ rave Rave rave Rave 2

E Payment Payment number amount 0) 1) 2) 3) 4) Total $ same as above same as above $ Interest $ $ $ $ $ Principal repaid Balance $25,000 $ $ $