A fully amortizing CAM loan is made for $$132,000$ at $6$ percent interest for $20$ years.

Required:

a$.$ What will be the payments and balances for the first six months?

b$.$ What would payments be for a CPM loan?

c$.$ If both loans were repaid at the end of year $5,$ would the lender earn a higher rate of interest on either loan?

Complete this question by entering your answers in the tabs below.

Required A

Required B

What will be the payments and balances for the first six months? $($Round your intermediate calculations and final answers to the $2$ decimal places.$)$

$\backslash$table$[[,$Total Payment,End Balance$],[$Month $1,,],[$Month $2,,],[$Month $3,,]]$