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A loan of $18,600.00 is repaid by making annual payments of $5,754.72 at the end of each year. If interest is 5.89% compounded annually. How

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A loan of $18,600.00 is repaid by making annual payments of $5,754.72 at the end of each year. If interest is 5.89% compounded annually. How many payments are required to amortize the loan? Round UP the answer to the next higher whole number (e.g. 5.12 must be entered as 6). Number of payments = 1/Y % P/Y=C/Y= (enter a whole number) PV=$ PMT=$ FV=$ Complete the amortization table below. Enter only POSITIVE VALUES IN THE AMORTIZATION TABLE (rounded to two decimal places). Payment number Payment amount Interest Paid Principal Repaid Balance 0) $18,600.00 1) $ $ $ 2) EA $ $ $ $ 3) $ $ $ 4) $ Total $ $ $

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