18. Jessica decides to open a food truck selling falafel on the University of Wisconsin-Madison campus. She secures a 3- year, fully amortizing loan for $21,000 from the bank; the interest rate on the loan is 11%. Please complete the payment calculation and amortization schedule. Step 1: Solve for the yearly payment. NPER: RATE: PV: PMT: FV: 0 1 2 3 Period Column A Yearly Payment Column B Interest Portion Column C Principal Portion (A-B) At Maturity Column D Outstanding Principal Balance 19. Richie also decides to start up a food truck on the UW Madison campus, selling fresh coffee and donuts. He buys the truck from Alix for $16,000 and she agrees to finance the sale. He negotiates an interest-only loan for a seven-year term at an interest rate of 8%. What is Richie's annual interest payment? (Show your math!) What will he owe Alix upon maturity?