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begin{tabular}{|l|l|l|} hline Q11) Prepare the first row of a loan amortization schedule based on the & following information. The loan amount is for $36,886.00

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\begin{tabular}{|l|l|l|} \hline Q11) Prepare the first row of a loan amortization schedule based on the & \\ following information. The loan amount is for $36,886.00 with an annual & \\ interest rate of 8.13%. The loan will be repaid over 8.0 years with monthly & \\ payments. & & \\ \hline a) Loan payment (1 point) & & \\ \hline b) Interest portion (1 point) & & \\ \hline c) Principle portion (1 point) & & \\ \hline d) Loan balance after first monthly payment (1 point) & \\ \hline \end{tabular}

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