1. You borrow $400,000 to buy a house over a 20-year term. The loan is structured as an amortized loan with annual payments and an interest rate of 9%. Complete the cells in the amortization schedule, below. Interest in Principal Principal Owing at Year Payment ($) Payment ($) Repaid ($) End of Year ($) 1 2 Payment ($) Interest in Payment ($) Principal Repaid ($) Year 1 Principal Owing at End of Year ($) (Round to the nearest cent.) Interest in Payment ($) Principal Repaid (S) Year 1 Payment ($) 43,818.59 Principal Owing at End of Year ($) (Round to the nearest cent) Year 1 Interest in Payment ($) 36,000.00 Principal Repaid ($) Payment ($) 43,818,59 Principal Owing at End of Year ($) (Round to the nearest cent.) Year 1 2 Payment (5) 43,818.59 43,818.59 Interest in Payment ($) 36,000.00 Principal Repaid (s) 7.818.59 Principal Owing at End of Year ($) 392,181.41 (Round to the nearest cent.) Year 1 2 Payment (5) 43,818,59 43,818.59 Interest in Payment ($) 36,000.00 35,296,33 Principal Repaid ($) 7,818.59 Principal Owing at End of Year ($) 392,181.41 (Round to the nearest cent.) Determine the equal, annual, end-of-year payment required over the life of the following loans to repay them fully during the stated term. Annual Payment ($) Loan A B Interest Principal ($) Rate (%) 20,000 8 40,000 15 Term of Loan (Yrs) 19 5 Interest Principal ($) Rate (%) 20.000 8 Term of Loan (Yrs) Annual Payment ($) Loan (Round to the nearest 19 cent.) 40,000 15 5 (Round to the nearest cent.)