1 5 12 Fill Calibri (Body) 11 A-A- abc Wrap Text General Paste Clear BI U A 23 Merge % .00 H17 % B D E F G H You have the following information about the loan 2 3 Loan amount: $ 250,000 4 Interest rate: 8.00% Number of years 15 6 7 8 First calculate the fixed PRINCIPAL payments for each year then complete the equal annual PRINCIPAL payment amortization 9 10 Principal Payment 11 Period Beginning Total Interest Principal Ending Balance Paid Paid Pald Balance 13 1 14 2 15 3 16 4 17 5 18 6 19 20 8 21 22 10 23 11 24 12 25 13 26 14 27 15 28 29 30 31 32 33 34 35 7 9