ALT-EZ-INSTALLMENT LOAN Present Value of $1.00 4% 5% 6% 7% 8% 1 0.961538 0.952381 0.943396 0.934579 0.925926 2 0.924556 0.907029 0.889996 0.873439 0.857339 3 0.888996 0.863838 0.839619 0.816298 0.793832 4 0.854804 0.822702 0.792094 0.762895 0.73503 5 0.821927 0.783526 0.747258 0.712986 0.680583 Present Value of a Stream of Equal Cash Flows 4% 5% 6% 7% 8% 1 0.96153846 0.952380952 0.943396226 0.9345794 0.9259259 2 1.886094671.859410431 1.833392666 1.8080182 1.7832647 3 2.775091032.723248029 2.673011949 2.624316 2.577097 4 3.62989522 3.545950504 3.465105613 3.3872113 3.3121268 5 4.45182233 4.329476671 4.212363786 4.1001974 3.99271 Nelly Company borrowed $5,000 a 3-year, 4.00% installment loan. INTEREST PRINCIPAL REDUCTION PERIOD PMT EXPENSE LOAN BAL 1. What is the payment amount on the loan? 2. Fill in the loan amortization table (+ $1.00 or - $1.00 tolerance)