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3) Create a loan amortization table for a $150,500 2-year loan at 3.875% annual interest payable semi-annually: a) Calculate the payment amount: II. What is

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3) Create a loan amortization table for a $150,500 2-year loan at 3.875% annual interest payable semi-annually: a) Calculate the payment amount: II. What is the total interest paid over the life of the loan? c) Do the loan amortization table (not all columns and rows need to be used). 12 c) What is the journal entry to receive the second payment? 13

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