| (a) (b) (e) (1) (c) Interest Owed for that Year 8%x(b) (d Total Owed at End of Year (b)+() (a) (b) (c) (d) (e) (1) Principal Payment Total End-of-Year Payment Total Orwed at End of Year (b) + (c) Interest Owed for Year Amount Owed at that Year Beginning of Year 8% (b) Plan 1: Constant principal payment plus interest due. 1 Total End-of-Year Payment Principal Payment Year Amount Owed at Beginning of Year Plan 3: Constant annual payment. 1 2 3 1252 1252 1252 1252 1252 6260 4 2 5 Sum 1260 5000 3 4 1000 1000 1000 1000 1000 5000 (d) (e) 0 Sam 1200 6200 Total Owed at End of Year (b)+(c) Principal Payment Total End-of-Year Payment (a) (b) (C) (d) (e) (f) (a) (b) (c) Interest Owed for Year Amount Owed at that Year Beginning of Year 89(b) %x( Plan 4: All payments at end of 5 years. 1 2 3 Total Owed at End of Year (b) + (c) Principal Payment Total End-of-Year Payment 0 0 0 Interest Owed for Year Amount Owed at that Year Beginning of Year 8% (b) Plan 2: Principal payment at end of 5 years. 1 1 2 0 0 0 0 5000 5000 4 5 Sum 0 7347 7340 2347 0 0 0 0 4 5 5000 5000 Sum 2000 7000