8% interest

Suppose Ana receives a $37,000,00 loan to be repald in equal instaliments at the end of each of the next 3 years. Th compounded annually: Complete the following amortization schedule by calculating the payment, interest, repayment of principal, and ending balance for each vear. Complete the following tabie by determining the percentape or cach payment that represents intcrest and the percentage that represents principar for esch od the thee years