$63,000 loan at 5% interest. How much would their payments be if they were amortized under the equal total payment plan? The amortization factor can be found in Table 1.

	Total Payment	Interest	Principal	Principal Remaining
1st payment	_____________	_____________	_____________	___ _____
2nd payment	_____________	_____________	_____________	_____________
3rd payment	_____________	_____________	_____________	_____0______
Total	_____________	_____________	_____________

d. Same $63,000 loan at 5% interest, but Carla and Jason were afraid that the payments the first two years would be too high for them. They arranged an equal principal payment plan with a balloon payment loan, with $15,000 principal due each of the first two years, and the remaining $33,000 (plus interest) due the last year. How much would their payments be under this plan?

	Principal	Interest	Total Payment	Principal Remaining
1st payment	_____________	_____________	_____________	___$ __
2nd payment	_____________	_____________	_____________	_____________
3rd payment	_____________	_____________	_____________	_______0_____
Total	_____________	_____________	_____________