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A loan of $4,648 at 13.50% interest compounded semi-annually is to be repaid in four years in equal semi-annual payments. Complete an amortization schedule for
A loan of $4,648 at 13.50% interest compounded semi-annually is to be repaid in four years in equal semi-annual payments. Complete an amortization schedule for the loan. Adjust the final payment so the balance is zero. Fill out the amortization schedule below. (Round to the nearest cent as needed. Do not include the $ symbol in your answers.) Payment Amount of Interest Applied to Balance Number Payment Payment Principal $4,648 1 $ $ $ $ 2 $ $ $ $ 3 $ $ $ $ 4 $ $ $ 5 $ $ $ $ $ 6 $ $ $ 7 $ $ $ $ 8 $ $
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