Assume that you will have a 10y=ar,$13,000 loan to repay when you graduate from college next month. The loan, plus 7 percent annual interest on the unpaid balance, is to be repaid in 10 annual installments of $1,851 each, beginning one year after you graduate. You have accepted a well-paying job and are considering an early settlement of the entire unpaid balance in just three years (immediately after making the third annual payment of $1,851 ). Prepare an amortization schedule showing how much money you will need to save to pay the entire unpaid balance of your loan three years after your graduation. (Round your answers to the nearest dollar amount. Enter all amounts as positlve numbers.) Glen Pool Club, Inc., has an installment loan outstanding with a current balance of $152,000. The company makes monthly installment of $1,563, which include interest computed at an annual rate of 6 percent. o. Prepare a partial amortization table showing (1) the original balance of this loan, and (2) the allocation of the first two monthly payments between interest expense and the reduction in the loan's unpaid balance. b. Prepare the journal entry to record the second monthly payment. c. Will monthly interest increase, decrease, or stay the same over the life of the loan? Complete this question by entering your answers in the tabs below. Prepare a partial amortization table showing (1) the original balance of this loan, and (2) the allocation of the first two monthly payments between interest expense and the reduction in the loan's unpaid balance. (Enter all amounts as positive numbers. Round your answers to the nearest dollar amount.)