1. Suppose you borrow $14,000. The interest rate is 9%, and requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter "0". Year 1 2 3 4 LA +A $ LA LA Beginning Balance tA tA $ Payment LA $ LA $ Interest $ $ tA LA Repayment of Principal LA LA +A +A Ending Balance

1. Suppose you borrow $14,000. The interest rate is 9%, and it requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If yor answer is zero, enter " 0