Amortizing Loan

Consider a $4-$year amortizing loan. You borrow $$328,000$ initially, and repay it in four equal annual year$-$end payments.

a$.$ If the interest rate is $6\mathrm{.}43\%,$ calculate the annual payment. $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Annual payment

b$.$ Prepare an amortization schedule. $($Leave no cells blank $-$ be certain to enter $"0"$ wherever required. Do not round intermediate calculations. Round your answers to $2$ decimal places.$)$

$\backslash$table$[[\backslash$table$[[$Time$],[0]],\backslash$table$[[$Loan$],[$Balance$],[$$$328000$ C$]],\backslash$table$[[$Year$-$End Interest$],[$Due on Balance$]],\backslash$table$[[$Year$-$End$],[$Payment$]],\backslash$table$[[$Amo$],[$of$]],\backslash$table$[[$lortization$],[$foan$]]],[\backslash$table$[[1],[2]],,,$$$,$$$,],[3,,,,,],[4,\backslash$table$[[0]],0,,,\backslash$table$[[]]]]$

c$-1.$ What is the loan balance at the end of year $1?($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Loan balance

$

c$-2.$ What is the present value of the remaining loan payments?