Atiempta Kese Whe Highest / I 10. 10 T Time Volve of Moneyz Amortised Loans An importart appbeatien of interest imvalves amertized loans. Some common types of emartized loans are automobile loars, nome inortgage loans, ahd business loans. fach logn payment consigts of interest and repoyment of principal. This breakdoan is oflen deveioped in an amertization schedule. Interest is in the first perod and over the life of the loan, whie the prinesol repaytnent is in the first period and is thereafier. a. What will be your ahnual loan payments? Do not round interenediate calovisions. Round your answer to the nearest cent. 5 interesti $ Frinopal imparmertis