An amortized loan has 10 annual payments at the end of year starting one year from now. The first 5 payments are $18. each and the final 5 payments are $500 each. Interest is at me fective annual rate of 10%. Find each of the following: 3.1.1 3.1.55 payment (i) the initial loan amount (ii) the outstanding balance just after the 3rd. (iii) the interest and principal in the 4th payment (iv) the outstanding balance just after the 8th payment. 3.1. gozd ANSWERS TO TEXTBOOK EXERCISES CHAPTER 3 SECTION 3.1 3.1.1 (1) 4,967.68 (ii) 3,301.98 DO (iii) 14 = 330.20, PRA = 669.80 867.77 De (iv) S