1. What's the Year 3 Loan Payment?

2.What's the loan balance at EOY 3, after the Y3 payment has been made?

For the next four questions, consider this incomplete amortization schedule for the loan below. The loan calls for equal annual payments at the end of each year, starting at EOY 1. Loan Term: 3 Years Loan amount: $20,000 r = 4.00%, compounded annually Quantity Year o Year 1 2. 3 BOY Balance NA $20.000 Loan Payment (EOY) NA $7.206.97 Interest portion . Amortization portion NA EOY Balance $20,000