ALT-LOAN AMORTIZATION TABLE Norman borrowed $10,000 from a bank on a five-year installment loan, with annual payment The interest rate per year is 5.00%. Tolerance =+ =+ or -.50. Period 0 1 2 3 5 Interest Principal Loan Payment Expense Reduction Balance PV OF $1 0.04 0.05 0.06 0.08 0.10 1 0.9615 0.9524 0.9434 0.9259 0.9091 2 0.9246 0.9070 0.8900 0.8573 0.8264 3 0.8890 0.8638 0.8396 0.7938 0.7513 4 0.8548 0.8227 0.7921 0.7350 0.6830 0.8219 0.7835 0.7473 0.6806 0.6209 PV OF ANN 0.04 0.05 0.06 0.08 0.10 1 0.9615 0.9524 0.9434 0.9259 0.9091 2 1.8861 1.8594 1.8334 1.7833 1.7355 3 2.7751 2.7232 2.6730 2.5771 2.4869 4 3.6299 3.5460 3.4651 3.3121 3.1699 5 4.4518 4.3295 4.2124 3.9927 3.7908